Question
Fred is a successful dentist in Boston. He has a comprehensive injury and disability insurance Policy that he has carried since shortly after he started
Fred is a successful dentist in Boston. He has a comprehensive injury and disability insurance
Policy that he has carried since shortly after he started his practice. During the first 15 years of his practice he has experienced the following net income:
Year Net Income
1 .............................$ 56,000
2 ............................. 64,000
3 ............................. 70,000
4 ............................. 77,000
5 ............................. 85,000
6 ............................. 93,000
7 ............................. 101,000
8 ............................. 110,000
9 ............................. 124,000
10 ........................... 135,000
11 ............................ 145,000
12 ........................... 156,000
13 ........................... 120,000
14 ........................... 117,000
15 ........................... 121,000
At the beginning of his 13th year of practice he experienced an accident at the office in which he fell and hit his head. Ever since the accident he has experienced serious head-aches and dizziness that he had not experienced before. As a result of these symptoms, Fred is unable to work the long hours that he once did and he has been unable to grow his practice. He fully expected to grow his income from his practice by about 10 percent a year. He has filed a claim (which is being contested) with his insurance company.
Fred has hired you to prepare a measure of economic damages resulting from the accident.
Fred was 42 years old at the time of the accident and he just turned 45 last week.
Based on the information available to you, prepare your best estimate of the damages that you will seek on behalf of Fred.
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