What Happens If I Lost My Job In Bradenton Because Of My Car Accident?
Florida car accidents can be devastating. They can lead to significant injuries and disabilities that can completely alter your life. In some cases, car accident injuries are so severe you can not go to work. While other times, they can be so damaging that you can no longer perform your job duties and have to change career paths. They can even be so bad that you can no longer work. Losing your income can create significant financial hardship. This is especially true if your medical bills are stacking up from your injuries.
Financially Recovering From Your Auto Accident
Fortunately, in the state of Florida, if your auto accident injuries are so severe you lose your job, you have options. As part of the damages you pursue with your auto accident injury claim, you can claim against your lost wages. These damages can include:
● Loss of income for the period you had to miss because of your injuries
● Loss of future income if you can no longer work because of your injuries
● Loss of future income if your injuries prevent you from your career trajectory, otherwise known as “lost earning capacity”
● Loss of benefits like retirement income and savings as a result of your injuries
You may even be able to claim the cost of job retraining depending on the unique circumstances of your case.
How Are Lost Income Damages Calculated?
Lost income damages are calculated by looking at your income prior to the accident. Your lost income will be calculated by the days missed multiplied by your hourly salary. For example, if you make $20/hour and you had to miss two weeks of work from your injuries, your lost income will be $20 x 80 hours= $1,600.
These calculations are more complicated if you factor in things like benefits, sale commissions, lost overtime, and other regular forms of income. For these, your attorney will work with a forensic accountant to calculate the long term costs of your accident. A forensic accountant looks at everything from your current income to your future earning potential to the interest your retirement savings would have earned to calculate the true value of what was lost in the accident.
Fighting For Your Rights To Lost Income
Fighting for your lost income is very challenging, and there are a lot of factors to consider. Most important, insurance companies do not want to pay fair settlements no matter the circumstances, but they especially do not want to pay for costs like lost income. So in order to get a fair settlement, you need to work with a skilled personal injury attorney. A skilled attorney knows Florida law inside and out and will collect all the evidence needed to prove your claim.
They will make sure that your settlement figure truly reflects everything that was lost as a result of the accident. Then they will negotiate with the insurance companies and will fight for your rights all the way to the courtroom if necessary.
If you have missed work, lost your job, or can no longer work as a result of your auto accident, give us a call at 1-833-954-1234. The attorneys at Justice Pays will review your case for free and then help you understand all of your legal options. If we work together, you can be assured that we will fight for your right to a full and fair settlement. That includes the current and future income losses as a result of your injuries. You do not have to fight for your rights alone. We can help!