Lost Wages
Valuing a personal injury claim starts with understanding the burden of loss one incurs due to someone’s negligence. When an accident has resulted into major injuries, a victim may lose their ability to return to their previous position. If you have been involved in an accident and have suffered severe injuries, most probably, you will have lost your physical abilities to work. In such a case, you may file a claim to recover any lost wages and the capacity to earn in the future. However, such compensation doesn’t come easy. You have to work hard towards getting what you deserve. Choosing to have a legal representation would be better to help you provide the right evidence on your past and future incomes.

How Is Lost Wages Different From Future Lost Earnings?

In a personal injury claim, a plaintiff is entitled to both economic and non-economic damages. One of the economic damages included in compensation is lost wages and lost future earnings. Lost wages refers to the amount of wages lost when one got involved in an accident, while future lost earnings refers to the future income one would have earned were it not for the inability to work due to the accident. While coming up with a sum of the lost income is possible for an employee, it becomes hard to access the lost income for a self-employed victim. Worse enough for both is to determine the amount of lost future earnings. Typically for one to prove they have lost income, he/ she must show records of:

Work absence

The sum of the total earnings that they would have received was it not for the accident.

The above may seem easy, but it requires top Anchorage attorneys to help provide the information needed for compensation. If in such a situation, you’re entitled to compensation for the impact the accident had on your salary or wages. This is the income you have already earned. Likewise, you should get compensated for the money you would likely make in the future.

How To Prove Lost Income And Future Lost Earnings

To come up with the amount of lost income, the plaintiff only needs to come up with the income lost up to the point their case was settled or resolved in a trial. The process is relatively easy, as one may get evidence from expert witnesses that they have not been able to work since the injury occurred. An employer may also confirm that the employee has not been able to work due to the injuries suffered. One of the frequently asked questions in personal injury claims is, “how can I prove future lost earning?” Futures lost earning are hard to prove, especially to the self-employed plaintiff. Reasons that make this so challenging include:
  • The severity of injuries suffered.
  • The health condition of the claimant before the injury
  • The time it will take for you to get the recovery and get back to the job.
The kind of judge or jury presiding over your case. At some point, juries have been known to be reluctant when it comes to awarding settlement, especially when they consider your retirement age.

For the above, you may need experienced medical experts to establish:

How long it will take for your injuries to heal

The time taken to regain emotional and physical strength and functionality and be able to work again.

In some cases, plaintiffs have been known to have healed from physical injuries but fail to perform in any work due to emotional injuries. To get compensated for such injuries, there must be a medical report indicating the amount they believe will be spent for recovery. As an employee, you can request the most recent paycheck before you incurred the injury. However, if you are self-employed, you will be required to provide proof of the income you generate monthly.

Getting Legal Help

If a car accident caused by negligence has caused you temporary or permanent disability, this may affect your ability to work for an indefinite time. In such a situation, you can recover damages for lost earning capacity. Again, such injuries may render you incapable of excelling in your career life. Remember that to get the right compensation, the car accident must have been the direct cause of your injuries. It’s very tricky to determine the right amount of compensation to serve your best interest. But with the help of an experienced car accident lawyer, you can have the best award for your future lost earnings. There is more to having the right award since the earning must be reduced to the present value. However, this must be evidenced by any expectation of pay raise, among other benefits in employment that may be determined by the plaintiff’s work profile.