How are lost wages calculated in a car accident claim?

You deserve full compensation for lost wages after a car accident.Everyone knows when you are injured by a negligent driver you deserve to receive compensation, but you don’t have just the cost of medical treatment to consider. Bills don’t stop coming in because you were in a car accident, which is why you can also recover damages if your injury prevents you from working. 

Trying to understand how lost wages are calculated when dealing with insurance carriers and seeking a settlement from the at-fault party can be more complicated than you think, however. That’s why it is so important to have a skilled attorney working with you after a collision.

Lost Wage Calculations After a Virginia Car Wreck 

Lost wages can be recovered whether you are a self-employed freelancer, a salaried manager, or an employee paid hourly or via commission. In some cases, the calculation is as simple as multiplying your hourly rate by the number of days you missed work. That’s not always the whole story though, especially if your injury requires long-term therapy and rehabilitation. You also need to take into account:

  • Benefits or pensions you can no longer utilize
  • Loss of future earning potential if you can’t return to work for an extended period
  • Missing out on promotions that would have occurred in the future
  • Overtime you expected to work 
  • Yearly, seasonal, or end-of-project bonus pay 

To get what you are truly owed, you need to provide proof of your lost earning capability as well as show the injury directly caused that loss. That’s why it is critical to see a doctor after a car accident, even if your injuries don’t immediately seem life-threatening. Your attorney can then utilize medical records, eyewitness testimony, video or photo evidence, forensic economist experts, pay stubs, tax forms, client correspondence, and other sources to make the best possible case.

Are You Unable to Work After a Car Accident?

When recovering from a car or truck crash, you don’t want to miss out on recovering the full amount you are owed from your injuries. An attorney with experience in Virginia personal injury lawsuits can help you negotiate the best settlement, or even take the case to court if necessary. Send us a quick message to start a consultation about your case.