What to Know About Lost Wages After a Car Accident

January 5, 2024 Car Accidents

When you are injured in a car accident, the physical injuries that you sustain are often just the tip of the iceberg. A significant, yet sometimes overlooked, consequence is the impact on your ability to work. This can range from being physically unable to attend your job to needing time off for medical appointments.

For many, car accident injuries can also lead to a decrease in earning capacity, affecting long-term financial stability. Filing a car accident claim is a crucial step towards mitigating these financial losses, as it can enable you to recover compensation for lost wages that you incurred.

Claiming Compensation for Lost Wages After a Collision

The underlying goal of a personal injury case in Las Vegas is to restore your financial situation to what it would have been if the accident had not occurred. As a result, the loss of income due to a car accident encompasses any earnings you would have received otherwise.

This includes not just your regular wages or salary but also potential overtime pay, commissions, bonuses, and even the use of vacation and sick days to recover from or treat your injuries. You can also recover compensation for indirect financial impacts, such as missed contributions to retirement funds, scheduled pay raises, or income from self-employment and contract work.

Evidence to Prove Lost Wages After a Car Accident

Although you are entitled to lost wages after a car accident, the burden of proving your right to compensation rests on you. You will need to establish that the at-fault driver owed you a duty to drive safely and follow traffic laws, breached that duty, and caused your accident and subsequent damages.

There are several pieces of evidence that you can leverage to prove your claim, such as the following:

  • Pay stubs or wage statements from before the accident
  • Letters from your employer detailing your absence and its impact on your work
  • Tax returns, which are especially important for self-employed individuals
  • Documentation of scheduled raises or bonuses
  • Medical records linking your inability to work directly to the accident injuries
  • Statements from healthcare providers regarding your recovery timeline and work restrictions

Can You Be Reimbursed for the Loss of Future Earnings?

Yes, you can be reimbursed for the loss of future earnings in a car accident claim. If your injuries lead to long-term or permanent disabilities that affect your ability to work at the same capacity as before, you can recover this form of compensation. Learn more about the difference between loss of future earnings and loss of earning capacity here.

Calculating future earnings can be complex. The objective is to estimate the income you would have reasonably expected to earn in the future, had the accident not occurred. You may need an attorney’s assistance to evaluate factors such as your current earnings, career trajectory, age, and the nature of your profession.

Recover What You Deserve with a Las Vegas Car Accident Attorney

If you want to recover a fair settlement for your lost wages, you need an attorney on your side. A Las Vegas car accident lawyer can help gather the necessary evidence, calculate your total financial losses, and negotiate with insurance companies to ensure you receive the full compensation you need to make yourself whole. Contact an attorney today to discuss your case and take the first step toward recovering what you rightfully deserve.