Car accidents can be a scary thing, especially if you have severe injuries that keep you from working for a significant period of time. Now you are looking at the possibility of being without that income for an indeterminate amount of time.
As part of your car accident claim, you might be wondering if your lost wages can be included as part of your claim. A Long Beach car accident lawyer can be a valuable resource for determining whether your lost wages qualify for reimbursement as part of your claim.
Gather Your Documentation
Before you can determine if your wages qualify to be part of your car accident claim, you need to gather the back up documentation. This documentation includes proving your medical condition is preventing you from working. A doctor’s note or disability slip should also include the amount of time you will need to be off for your recovery.
Another piece of documentation is evidence of your wages, including pay stubs. You may also need to have your most recent tax return or W-2s, depending on your employment status. Finally, a letter from your employer is key to confirm that you are working for the company and other details about your employment status with the company.
All of this information will help with calculating your lost wages and help in the determination of what will need to be included in your claim.
Are You Self-Employed?
The second thing to keep in mind is that if you are self-employed, then you will not be able to claim lost wages. Instead, you will be claiming lost income. Essentially, you are claiming the earnings and profits that you would have earned if you were not injured. Much of this documentation is going to focus on demonstrating what you earn and how you earn it.
Now that is going to also require that you submit documentation to show the specific amount of earnings you would have received from the time of the accident to the date of your settlement claim. That could include 1099 forms, correspondence, invoices, and receipts. You will also need to make sure that you have all the appropriate medical paperwork to verify your injury and recovery time.
The goal is to demonstrate what income has been lost due to the fact that you cannot work while you are recovering.
Other Income Losses in the Future
There are also claims of future income losses, including lost earning capacity and lost compensation. A personal injury lawyer would hire a forensic economist to lay out your future income losses. Factors, such as age, physical disability, employment history, skills, and education, are all going to be part of this calculation.
The reality is that there is more involved in the process of determining your lost wages or lost income than just adding up a few numbers. Plus, if you are going to be dealing with a long-term recovery process, then getting this calculation right is even more important.
To determine if you qualify for lost wages in your car accident claim, contact a Long Beach car accident lawyer. Our experienced staff can provide a free consultation on your case.
Gabriel and Associates is a full-service law office based in Long Beach, California for over 30 years. Areas of practice include personal injury, workers’ compensation, slip and fall, defective products, medical malpractice, bankruptcy, and other business matters.