An unexpected injury can disrupt every aspect of your life, especially your finances. If your injury prevents you from working, you may lose your income and find yourself struggling to make ends meet. If you are unable to work due to an injury, you may be entitled to compensation for lost wages. Please continue reading as we explore what you should know about these matters and why connecting with our determined Prince George’s County Personal Injury Lawyers is in your best interest.
Can I Recover Compensation for Lost Wages?
If you have been injured in an accident due to someone else’s negligence, you may be entitled to financial compensation. These funds are intended to alleviate the economic burden of medical bills, lost income, and mental health struggles that often accompany such accidents. The compensation you can seek in a personal injury claim typically falls into two categories: economic and non-economic damages.
Economic damages compensate you for the actual monetary losses you have incurred due to the accident. This includes medical expenses, lost wages, and property damage. Non-economic damages, on the other hand, address the intangible losses you have suffered. This includes pain and suffering, loss of enjoyment of life, and PTSD. These damages can be difficult to identify or calculate, as they cover subjective losses.
How is This Economic Damage Calculated?
If your injuries have resulted in missed work, you may be entitled to compensation for lost wages. Calculating lost wages is relatively straightforward if your absence was for a specific period. If this is the case, you’ll simply multiply your hourly wages by the number of hours you would have worked if you hadn’t sustained the injury.
However, it’s important to note that some injuries can lead to long-term or permanent disabilities, which may prevent you from returning to your previous job or diminish your earning capacity. In such severe cases, calculating lost income becomes considerably more complex as there are various factors to consider, including your age, education, skills, work experience, and the severity of your injury.
It’s strongly recommended that you consult with an experienced attorney as soon as possible to discuss these matters. An attorney can help you gather evidence to support your claim. They can also engage expert witnesses to attest to the severity of your injuries and the limitations they pose. These experts can provide testimony about the long-term impacts of the injury on your ability to earn an income. At Timian & Fawcett, LLC, we are prepared to help you fight for the compensation you deserve and need to get your life back on track. Connect with our firm today for guidance and skilled representation.
