Here’s How to Calculate Lost Income in Personal Injury Cases

Advice

Some injuries may put you out of commission for a long time, making it virtually impossible to get back to work within a certain timeframe, if at all. In such instances, it may make more sense to include lost income damages as part of your legal demand so you can recover this amount to help with family needs and expenses. Thankfully, personal injury law makes it possible for you to recover lost income due to the fact that someone else’s negligence was the reason why you were not able to go to work. In this post, we’ll take a look at the factors to consider with regard to recovering lost wages as well as how to go about the whole process without leaving any money on the table.

Are you looking for a best personal injury law firm? The experienced injury attorneys at McCready Law have over 90 YEARS of combined legal experience, helping people from all walks of life. Please call us NOW at (773) 823-0298  for your 100% FREE legal consultation into all things settlements for personal injury cases. What’s more is that we work on contingency fee basis, which means that we won’t charge you a CENT when we initially take on your case, and we shall work on it to successful completion, and it’s only after we’ve recovered substantial compensation on your behalf will we levy our legal fees. Wherever you are in the country, we can help: please call us NOW at (773) 823-0298 to learn more about how we can help. The call, as always, is FREE and confidential.

Before filing a claim for lost income, it is important to take into account:

  • Your age
  • Your occupation
  • Work experience
  • Your soft and hard skills
  • Your training
  • Your rank or position at work
  • Your current level of disability
  • The long-term and future effects of your injury
  • The number of weeks or months you missed work
  • Whether you get paid hourly or weekly, or monthly

Here are the things that qualify as lost income:

  1. Base pay
  2. Sick days
  3. Bonus days
  4. Vacation days
  5. Overtime
  6. Benefits
  7. Bonuses and commissions
  8. Contributions for retirement

Here are some of the things you can use to prove your lost days:

  1. Your current pay rate
  2. The number of hours worked each week
  3. Your lost perks
  4. A statement from your employer certifying that you currently work there
  5. The number of overtime hours you typically put in
  6. Date of hiring
  7. Bonuses and how they are awarded

Experienced Countrywide Injury Attorneys – Call Us NOW!

It is important that you not try to calculate your lost income on your own. Our attorneys have handled hundreds of such cases, and as such, it is vital that you leave it to experienced professionals who will not leave out any billable event so you can get maximum compensation. Lastly, lost income or wages are not the same as lost earning potential, something we will cover in future posts. If you were injured and lost out on income due to being under the weather, recuperating, call us at (773) 823-0298 and we’ll advise you on the next steps to take to recover compensation. Thanks, and we look forward to helping you.