Lost Wages and Other Economic Harms

Lost Wages and Other Economic Harms

In our previous two blogs in this series, we have discusses both medical bill compensation and pain & suffering compensation that you may be entitled to after a car accident. In this third and final blog in our “Questions About Car Accident Compensation” series, we will be discussing lost wages and other economic harms you may be faced with after a collision.

First, let’s talk about lost earnings also known as “loss of wages.” When an individual is injured in a car accident, they may need to take time off of work to recover. Unless the accident took place in a work vehicle or “on the clock,” that worker will not be covered by workers’ compensation insurance. If this happened to you, you may be entitled to seek lost wage compensation after a car accident with the help of our firm.

Say, for example, you were injured in a collision. Your doctor evaluates your injuries and determines that, after surgery, you will need to be on bed rest for two weeks. Most people cannot afford to take this much time off of work without pay. Even if insurance is covering your medical expenses, you’re still losing money by not being at work. If you make $15 per hour and you work 40 hours per week, you may be entitled to $1,200 for the two weeks you took off of work.

The cases that can be slightly more difficult to handle are those that result in the victim being injured permanently, and therefore unable to work. The compensation that could result from this type of injury is called “loss of future earnings” or “loss of earning capacity.” These damages are calculated based on how much a person would have been able to earn for the rest of their working life had they not been permanently injured.

If you were injured in an auto accident and you had to either take time off of work to recover or you are no longer able to work due to a permanent injury/disability, then you may be entitled to lost wages, loss of future earnings, or other economic damages. Call Goldblatt & Singer PC today for a free and confidential case evaluation to discuss compensation.

Thank you for reading our blog series on car accident compensation! We hope you’ve found it helpful in navigating the car accident claims process as well as the personal injury claims process. For your reference, part 1 and part 2 of this blog series are listed below:

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