What type of damages are lost wages

However, there are still ways to substantiate these earnings such as by providing income tax returns that show income, business records that show the amount of revenue, and expenses and other statements that demonstrate this information.

Letters from important clients that are no longer serviced can also help illuminate these losses. Individuals who are self-employed have the same rights to recover lost compensation as other workers even if their income might be more difficult to prove. In order to best protect a person's ability to recover for lost income and compensation, there are several steps to take.

He may need to receive specific notes from the doctor for time be taken off to recover from injuries and provide this information to his employer. The doctor may supply a prognosis that estimates the amount of time the victim should be off work. He can use a post-accident journal to track days he missed work, in addition to details surrounding his well-being and ability to function after an accident.

He will also want to ask his employer for a letter that states how long he was off work and how his pay is affected. The employer letter may also contain more details such as special projects that the victim was working on before the accident that would have affected his pay, a history of bonuses or promotions, lost perks from work and any benefits used. In some cases, expert financial advisors may need to be contacted.

An economist or vocational expert may be able to estimate how an accident affected a person based on his current age, projected earnings, career trajectory, potential raises and ability to work in a different career. If you aren't sure where to start, the Enjuris law firm directory would be a good place.

A personal injury lawyer knows the calculations involved when dealing with lost wages, and he would be a good teammate for you to have. Learn how to get ahead in your studies and the career field, as well be a guest contributor to our blog and apply for one of our scholarships. Dramatic increase in web traffic Genuine competitive advantage Guaranteed territory protection. Written by: Enjuris Editors. Ask your employer for a letter that contains: how long you were off work how your pay changed special projects you were working on before the accident that would have affected your pay history of bonuses or promotions lost perks from work any benefits used.

Free personal injury guides for download to print or save. View all downloads. Tell your story - What would you want others to know? Although lost wages are a critical part of receiving fair compensation for your losses after an accident, they can be difficult to prove in their entirety. The process of proving lost wages is often much more technical and complicated than other types of damages. Many injury victims will simply omit lost wages from their claim because of the specific challenges of proving them.

The best way to ensure that you can prove all of the damages in your injury case, including lost wages, is to partner with an experienced Las Vegas personal injury attorney.

They can help you evaluate your claim and determine how to go about getting the maximum compensation possible. They will assist in ensuring you have the documentation necessary to include lost wages in your claim for recovery.

A skilled lawyer is your best asset in getting the compensation you need to make a full recovery. This webpage is not intended to be an advertisement or solicitation. The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Material contained in our website is for general information only and does not constitute legal advice or solicitation of legal services. Transmission of information from this site is not intended to create, and its receipt does not constitute, an attorney-client relationship between Adam S.

Kutner and the user of this site. In the event that any information on this web site does not conform fully with regulations in any jurisdiction, this law firm will not accept representation based on that information. With more than 30 years of experience fighting for victims of personal injury in the Las Vegas valley, Attorney Adam S.

Kutner knows his way around the Nevada court system and how to get clients their settlement promptly and trouble-free. Call us today at anytime to schedule a free consultation. We will work to get you the maximum settlement as quickly as possible. Hourly Wages Totaling your lost wages claim begins by adding up your missed work and multiplying by your hourly rate.

Overtime If you regularly work overtime, you can include lost overtime in your claim. Bonuses When your injury causes you to miss out on bonuses, you can ask for compensation for this.

Sick Days Victims often have to use their sick days to recover from their injuries. Vacation Days You may also find yourself using vacation days to recover from your injuries. In order to prove lost wages, you will need proof from your employer in the form of documentation.

You can also use pay stubs, bank statements, and tax returns. It is important to consult with an experienced personal injury attorney to determine what the most solid evidence will be for your claim; they can advise you and even collect documentation on your behalf. If you are self-employed , you are still entitled to lost wages like other workers, but proving your income may be a more difficult process.

You may have to provide income tax returns, business records, or other statements including estimated quarterly tax pay-ins that provide an estimate of how much you would have or could have earned had you not been injured.

It is important to make the distinction between lost wages and lost earning potential …they sound similar, but are in fact two different types of economic damages entirely. These damages can be recovered if you are able to prove that your ability to earn money in the future has been damaged or negated entirely by your injuries — for example, if you are a surgeon and an accident leaves you with an injury that leads to the amputation of one hand, and you are no longer able to perform surgery, you can seek hundreds of thousands or millions of dollars for the surgeries that you would have performed during the remaining course of your career if the accident had not cut that short.

If you make an hourly wage , you can take the amount you make per hour and multiply it by the number of hours you missed because of the accident and your injuries, and that number will be your lost wages factoring in tips, overtime pay, bonuses, and sick days if applicable.