Personal injury cases are when you are a victim of injuries due to another party’s negligence. Negligence can cause severe injuries and substantial difficulties in your life. Therefore, there is a provision for a personal injury lawsuit. You can claim compensation for the losses you have suffered in an accident. This compensation calculation will include medical bills, pain and suffering, and lost wages due to accidents. Medical bills have a clear record, but what about lost wages?
How are lost wages calculated in personal injury cases? If you are stuck with this question, this article is for you. This article will study how lost wages are calculated in personal injury cases. So, let’s begin our discussion about the calculation of lost wages.
What are Lost Wage Damages?
A lost wage is when you lose the potential salary that you could have earned if there had not been any accident case. So, it is a compensation to you to help you compensate you for the wages you’ve lost due to accidents and injuries. Some incidents in which a victim can recover lost wage damages are vehicular accidents, premises liability, work accidents, medical malpractice, defective products, etc.
Here, the question arises of whether lost wages include every wage or only apply to a personal fixed monthly income. The answer is that it includes various types of wages, such as hourly wages, commissions, tips, bonuses, and overtime pay. If you have severe damage that will not be treated quickly, you will also receive damages for loss of earning potential for a long time.
What is Evidence Used to Prove Lost Wages?
When you have to recover your lost wages, you must provide significant evidence such as pay stubs, letters from employers in which there will be detailed information about missing days of work, tax returns, medical documentation showing your inability to work, and financial statements.
You must collect these documents and present them to the court to prove your injuries and inability to work.
How are Lost Wages Calculated in Personal Injury Cases?
It is essential to calculate the lost wages, and it is a highly complex process. If the worker has an hourly wage, then the number of hours missed due to i will be calculatednjury. However, if there are salaried employees, then the number of days missing would be multiplied by the monthly wages. So, it will provide the exact amount you must pay in personal injury cases.