If cars have become so convenient and common, the same goes for car accidents. There is still an inevitable risk despite being a careful driver because you might fall victim to the recklessness of other drivers that you share the road with. Not only would you have to deal with recovering from the injuries and damages done to the vehicles, you would also find yourself stuck in a puzzle of recovering financially. Other than the dented bumper or shattered glass, much damage has already been inflicted on your capacity to earn in the future if the accident did not happen. It really is a heavy burden to bear. Thankfully, car accident lawyers are more than skilled and willing to help you rise up from these bumps.
Click here to read the full article and to know more about car accident attorneys who can offer great help with your specific case. Here we will also dive into the various areas of recovering financially and get you back on track after a tremendous and stressful car accident. Read on to discover what is considered as lost wage, who qualifies for the claim, and when to start filing for it.
What are lost wages?
Lost wages refer to the income you would have gotten or received if you had not suffered an accident. If you lost work days or hours because of an injury after an accident, this clearly falls under the term. In more extreme cases, permanent disability might be a result of an accident and this significantly impacts or even halts the earning capacity of the individual depending on the gravity of the situation. Expected pay raises and even promotion applications that were impacted due to the accident are also considered as lost wages, other than the normal working hours, overtime pays and commissions. If you are self-employed, you can file claims for potential earnings of your business or line of work but this should be backed up also with documentation such as previous tax returns or financial statements for the previous period.
Who qualifies for compensation of lost wages?
Both employed and self-employed individuals are eligible and can apply for these claims if they recently suffered a car accident. Essentially, any one who can prove that they have lost their earning capacity or expected income from their profession, business or even commission due to the accident can file for claims
When should you file your claims?
Time plays a very huge role in the success of your claiming process. It is crucial to move quickly and initiate the process as soon as possible after the actual occurrence of the car accident. You can begin with the documentation process so you would not have to rush at the last minute.Gather receipts, medical reports, employment records ahead of time and make sure to also inform your employer immediately. If you are self-employed, make sure to have your financial statements ready and other records of previous income as this will demonstrate or exemplify the lost wage. It is important to adhere to the deadlines and comply with the statutes for filing so you would not have any other difficulty in pushing for just compensation.
Conclusion
Dealing with new tasks with a strict deadline can be a handful. It is good to know one or few points about the claiming process, but it definitely gets easier if you have a reliable lawyer who advocates for you so you can focus on what matters most: moving forward with peace of mind.
