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Know How To Increase Your Chances of Income Loss Compensation June 5, 2019

While many people think of compensation for injuries and other losses first, compensation for lost income and lost working opportunities should never be overlooked. The height of these damages can be substantial and thus help significantly when it comes to pulling the plaintiff out of financial debt which they may have fallen into in the aftermath of the accident which left them injured.

How much income loss can be recovered?

If another party can be proven liable for causing your injuries, then you are entitled to receive compensation for the wages you have missed out on due to the injury itself, as well as the treatments and other recovery procedures you underwent throughout the rehabilitation period. For a stress-free experience, it is important to hire the services of a personal injury lawyer in St. Alberta who will represent your rights. They will ensure that while you recuperate, the team of lawyers puts together the resources and files a claim on your behalf.

Regardless of whether you were working full time or part time, whether you were an employer, freelancer, or employee, you are entitled to be compensated for all the money you lost. This means that, regardless of whether you missed out on scheduled payments, or job and/or project opportunities, you will be entitled to compensation.

How do paid vacation days and sick leave factor into this?

They don’t factor in at all since the purpose of these paid off days is that you can use them for periods of time where you want to or require to take time off. As a result, utilizing these days for your post-accident necessary time off, will be calculated as days of missed income. This can be even better explained by looking at the two requirements for lost income reimbursement: for one, you will need to be able to provide proof that your time missed at work was caused by the accident, and second, you will need to be able to provide a clear estimate of the money you missed out on, based on evidence.

How do I best document my wage losses?

The type of occupation you have is the biggest factor when it comes to answering this question. People who are employed by a company full- or part-time will have it easiest since they can simply ask their employer or human resources manager to provide them with an official letter that proves their claim. Included in this letter should be the following information: your name, position, hourly/daily rate, the number of hours you usually work, and how much time you missed from work due to the accident. Whether you utilized sick or vacation days during this time should not be included.