If you’re injured and can’t work, the financial pressure builds fast. That’s why lost wages are a key component of any personal injury claim.
What Are Lost Wages?
It includes income you’ve already lost — and future income you’re likely to lose. This can cover:
- Hourly wages
- Salary
- Overtime
- Tips and commissions
- Bonuses
- Sick leave or vacation used during recovery
How Are They Calculated?
- Multiply your average daily or weekly pay by the number of missed workdays
- If self-employed: Use tax returns, invoices, or profit/loss statements
- For long-term disabilities: A vocational or economic expert may estimate lost earning capacity
What Documentation Do You Need?
- Employer statement confirming time missed
- Pay stubs
- Tax returns
- Doctor’s note proving you couldn’t work
- Medical records
Future Wages:
These are more complex and may include:
- Promotions you missed
- Career changes forced by injury
- Early retirement
Pro Tip:
Don’t underestimate this part of your claim — it can be a major portion of your settlement.