Claiming Loss of Earnings After Car Accident
Were you involved in a car accident? Did an injury cost you money? Consider the idea of not being able to work for a while. In contrast, if you’re self-employed, an accident may have cost you a major contract or other opportunities.
Your operating expenses may have increased due to a road traffic accident, thus affecting your financial health.
If you are unable to work, this could affect your loss of income. A loss of earnings claim can be made together with your personal injury compensation claim. Speak to your personal injury lawyer regarding your lost earnings.
To submit a loss of earnings claim, you must show your lawyer the following:
- Income statement
- Cash flow statement
- Balance sheet
- Net income
In order for personal injury solicitors to claim your loss of earnings, you must prove the accident has prevented you from working.
Also, your injuries may prompt you to quit your job. It does not matter whether you were another car driver or a pedestrian. Our best solicitors in Scotland can assist you in claiming loss of earnings after a car accident.
Understanding claiming loss of earnings after car accident
You might sometimes confuse yourself on a better compensation option if you injure yourself in a car accident? A car accident victim may make a claim to recover damages and losses. A personal injury claim needs to prove these criteria:
- You were in a car accident due to someone else’s negligence.
- You hurt yourself in the accident.
- Your injuries cost you a lot of money.
How to get lost wages after an accident?
Before starting a claim for lost wages, gather all the evidence you can find. For example, pay stubs from at least six months prior to the accident, work calendars, invoices, contracts, and three-month finances.
In fact, you’ll need sufficient data to calculate your compensation. For instance, proof of your inability to work in your absence is also necessary. Moreover, its better to prove that you tried your best in getting back to work as quickly as possible.
Payouts for loss of earnings compensation
Your injuries not only cause you to skip work but also lose more than just your salary. This includes:
- Pension: You can also claim if your injuries compel you to retire early.
- Sick leaves: Maybe you have to use up all your sick days in one go, meaning you won’t have any remaining if you get sick again.
- Over-time: If you work in a sector where overtime pay is a large portion of your salary, you may lose out on it.
Meanwhile, considering suing for loss of potential income, your solicitor will assess your situation accordingly.
Lost wages from car accident with injury when self-employed
If you are self-employed, you can claim for lost income compensation as well. However, self-employed accident victims face an extra barrier in proving lost income. But, if you work regularly and have been out of work for a long time, your lost income will be proportional. This can be in different ways, for example, tax returns, client interactions, documentation, and profit and loss statements.
Who pays for lost wages in a car accident?
As per RTA laws, the insurance company of the guilty normally does not cover your lost wages. Mostly, in case of injuries in a car accident, the guilty has to pay for the loss personally. Therefore, it is crucial for the guilty to recompense in this case. Nevertheless, in case of no injury, the case has exceptions.
Contact us for claiming loss of earnings after car accident.
At Hamilton Douglas Legal, we have a team of best solicitors for you that can handle everything for you. In order to safeguard your legal right to compensation for lost wages, we can make a claim on a No-Win, No-Fee basis.
Questions like “how long does it take to get loss of earnings from a car accident?” may arise in claiming loss of earnings after a car accident. To get your answers, you can contact us right away for a free consultation.
