Lost Income Due to An Accident?

Lost Income Due to An Accident?

The aftermath of an accident can be physically, emotionally and most of all, financially devastating. Fortunately, California law provides you compensatory damages if your injury was caused by someone else’s negligence. If you’ve been unable to work and/or lost wages as a result of the accident, you may be able to claim for lost income. […]

The aftermath of an accident can be physically, emotionally and most of all, financially devastating. Fortunately, California law provides you compensatory damages if your injury was caused by someone else’s negligence.

If you’ve been unable to work and/or lost wages as a result of the accident, you may be able to claim for lost income.

This usually includes:

  • Regular pay (salary or hourly)
  • Commissions
  • Overtime payments
  • Bonuses
  • Lost benefits
  • Sick, personal or vacation days

What is the difference between lost income and lost earning capacity?

Lost income means the wages you lost in the past due to your accident and injuries. These are the out-of-pocket losses you incur until a settlement is reached or the date of trial. Lost earning capacity means the income you can no longer earn in the future because of your injuries.
It’s easier to prove that you are entitled to lost income than it is to prove lost earning capacity. You will likely need a medical expert’s testimony regarding bonuses, raises and even career advancement.

What is the time limit on filing a claim?

You have up to two years to claim for personal injury which includes lost income. However, different injuries can have different time limits. For instance, if you’re claiming under medical malpractice, you may have only a year to file a case.

How do I move forward?

Call The California Trial Attorneys to assess your case today with a free consultation! The sooner you call, the sooner you begin your recovery.

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