Showing posts with label work-related losses. Show all posts
Showing posts with label work-related losses. Show all posts

How Lost Wages Are Calculated in Injury Lawsuits

 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.

Driving Without a License: What Are the Penalties?

 Driving without a valid license may seem like a minor issue — but it can result in major legal trouble, including jail time. Types of Unli...