One of the things a personal injury lawsuit related to an automobile accident has to ask for is compensation for loss of wages. This is one of the things that are somewhat quantifiable. Medical expenses and actual property damages are fully quantifiable while pain and suffering can vary from case to case. The loss of wages, on the other hand, can be calculated based on current income lost and the future loss of income. This latter part offers room for interpretation, and will depend on things like anticipated promotions and pay hikes plus inflation. The outcome of this lawsuit has a big impact on the Social Security disability benefits application and other state and federal benefits.
Do you have additional questions about pursuing a personal injury case after being involved in a car accident that resulted in a loss of wages? Our car accident attorneys are here to help. Contact a car accident lawyer in your area today for more information about recovering damages in a car accident lawsuit.
Listed below are the career earnings components that go into calculating future lost income for a personal injury lawsuit:
Some of these, such as the future loss from salary hikes due to inflation and the plaintiff's inability to earn retirement credits, can be easily and accurately calculated without any challenges by the defendant's lawyers. But promotions and pay hikes for performance can be challenged. The plaintiff needs to bring forward witnesses who can testify as to the veracity of such future income claims. This can be the victim's colleagues, employer and/or immediate superior.
Were you or a loved one involved in a car accident that resulted in a loss of wages as a result of a negligent driver? Our car accident lawyers are here to help. Contact a car accident attorney in your area today to learn more.