What is Loss of Earnings?
Personal injuries resulting from an accident can seriously affect not only your physical health but also your financial situation. One of the most significant financial damage items in such accidents is loss of earnings.
Loss of earnings refers to the financial loss a person suffers due to being unable to work or generate income as a result of an accident. For example, a person injured in a traffic accident may not be able to go to work for a certain period or may become completely unable to work. During this period, wages, bonuses, additional income, or self-employment earnings that they are unable to receive are considered under the scope of loss of earnings.
How Can Loss of Earnings be Claimed?
To compensate for loss of earnings, it must first be proven that the accident occurred due to someone else’s fault. In this case, the injured party may apply to the at-fault party’s insurance company to claim monetary compensation.
In this process, it is crucial to prepare the following documents:
- Medical reports
- Income statements from the employer
- Tax returns
- Doctor’s reports
These documents are essential to prove that the person was genuinely unable to work and suffered a loss of income.
Future Loss of Earnings
It is possible to claim not only past loss of earnings but also future loss of earnings. Especially in cases of permanent disability, if the person is unable to continue their profession, the loss of income they would have earned in the future is also included in the compensation calculation.
Conclusion: What Should You Do to Avoid Losing Your Rights?
Loss of earnings after a personal injury is a significant item of damage and should definitely be pursued with professional assistance. Working with an experienced attorney is of great importance to ensure that you receive the full compensation you deserve.
