Tips For Calculating Loss Of Income Compensation In Your Personal Injury Case

Personal injury claims can often be hard to prove, which is why your lawyer will suggest gathering the right types of evidence, and a sufficient amount of evidence. Receiving compensation will require proving someone else was responsible for your injuries, and that the injuries have caused monetary damages, as well as other types of damages. One of these includes loss of wages. Here are three things your lawyer may suggest doing to help you prove the amount of wages you will lose for the rest of your life because of your injuries.

Calculate Current Losses

If your injuries immediately caused you to miss work, you can use your paystubs to prove the losses from this. To do this, gather your paystubs prior to the accident and those afterwards. With these documents, you will be able to show the amount of money you lost because you were forced to miss work.

If your injuries were minor and were able to return back to your normal job, the amount of income you lost during this time will probably be all you can collect for loss of wages. On the other hand, if your injuries caused permanent damage, you might be able to collect money for future loss of wages.

Calculate Future Losses

Personal injury cases include damages for a variety of different things, including a loss of future wages. When the injuries incurred are so severe that they prevent a person from ever returning to work, the person can ask for compensation for this. If you do not expect to ever be able to return to your normal job or occupation, you will have to begin calculating how much money you will lose because of this.

If you are young, the amount of money you stand to lose from not being able to get back to work could be extremely high. If you are older, this amount may be less simply because you may not have a lot of years left to work.

To calculate this amount, you will need to determine how much money you would have been able to earn for the rest of your life if your accident had not taken place. As you calculate this amount, keep in mind that you probably would have received pay increases over the years. Next, calculate the amount you expect to be able to earn for the rest of your life, based on the condition you are in and expected to be in for the rest of your life.

When you have these totals, you can subtract them to find the difference. The difference represents the amount of income you expect to lose over the rest of your life, and this loss can all be attributed to the injuries you sustained from the accident.

Include Loss Of Enjoyment Damages

The final thing to keep in mind is that you may also be able to receive compensation for the loss of enjoyment in life you will experience from this accident. If you really loved your occupation and can no longer perform that type of work, the court may agree to award you compensation for this loss.

When injuries rob you from the ability to do or enjoy something in life, you should be compensated for it, and this includes losing the ability to enjoy your job.

Personal injuries can occur in so many ways, but you can seek compensation for the injuries you experienced. You will need to prove that the other party is responsible, though. If you can prove this, you should be able to receive compensation for all the damages you experienced. To learn more about your case, make an appointment with a lawyer that specializes in personal injury law.