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March 27, 2020 | Car Accident
The aftermath of a car accident can be an incredibly confusing and complex time for victims. While most people think about medical bills and property damage as expenses after an accident, many car accident victims also have to be worried about lost income. In many cases, a car accident victim’s injuries are severe enough to keep them from working while they recover. Here, we want to discuss lost wages, how to prove they have occurred, and how to recover them after a car crash.
The term “lost wages” refers to any amount of money you would have earned through your work but were unable to due to the severity of the injuries you sustained in the car accident. There are various ways to look at lost wages.
This generally refers to any wages you lose while you are recovering from your injuries. This can include your regular income as well as other financial benefits (bonuses, paid time off that is not being accrued, and other perks of employment).
This is different than lost compensation and deals with how any disability you sustain due to the car accident injuries affects your ability to work. In many cases, the car accident victim sustains a diminished capacity to work after they reach maximum medical improvement (MMI). This could lower the amount of money they are able to earn because they may have to change jobs.
There are various ways that a car accident victim can recover lost wages. This could include making a request to the other driver’s insurance company as part of your claim or filing a lawsuit against the at-fault party.
It is important to wait until you are near the end of your medical treatment before calculating and submitting a claim for lost wages. This way, you have a fairly complete understanding of how much money you lost and whether or not you have a diminished work capacity due to your injuries.
There are various ways to prove lost wages. This can include gathering the following and submitting them as evidence do an insurance carrier or in a trial:
A skilled car accident lawyer will be an invaluable resource when it comes to recovering lost wages after an accident. In these cases, you will hopefully have already been working with an attorney to recover medical bills and help with property damage. Your attorney will also work to gather the evidence necessary to prove you have suffered lost income. An injury attorney will understand every document that you need to recover and will be able to skillfully show an insurance carrier or a jury how the incident has affected your wages.