Anyone can experience an accident. But many people are yet to know that they can successfully make a wage loss claim especially when involved in an accident that wasn’t their fault. If you have ever been in an accident that made you miss time from work, here is what you need to know.
Provide credible documentation
The process of documenting lost wages involves providing the insurance company with the necessary documentation that proves your inability to work due to injuries sustained from the accident. This documentation will not only help serve as a proof but also enhance a successful wage loss claim from the insurance company. Ensure to attach the following documents in the proof.
– You’ll need to provide documentation that reflects a decrease in your income due to your injuries. This is applicable for an independent contractor, paid on commission, or self-employed personnel.
– As an employee, you will need to present documentation that proves that you missed work due to your injuries. Note that the dates in the doctor’s letter must coincide with the dates you missed work.
– The document sent from your doctor should include dates that you were unable to work because of those injuries and should accurately describe the nature of your injuries. Some good forms of documentation include your medical records and a copy of a dated letter sent from your doctor to your employer.
How to calculate lost wage
You can easily calculate your lost wages particularly if you are a salaried or hourly employee on a full-time job. All you need to do is to multiply the number of hours missed from work by your hourly pay rate. Though this may be harder to justify, however, it is good to know that arguing for additional monies is highly possible particularly if you missed out on a promotion.
It’s more difficult to calculate lost wage when you have a non-salaried job or are being paid on commission. Since you were not able to work, you will want to show what you missed such as a decrease in billing invoices, or a decrease in the number of sales you made during the period. As evidence of what you’d have earned, you can also provide prior tax returns particularly if there was a decrease in your overall wages during the year.
There will be need for more work to prove your condition especially if you are disabled by your injuries. You may need the legal assistance a reliable personal injury attorney who can help you prove the long-term value of your wage loss claim.
When it comes to determining your overall financial loss, it is important to understand that there are a number of variables to be considered. You will basically need the advice and help of a professional personal injury attorney to guide through this situation.