Denver personal injury attorneys can explain how to recoup lost wages and claim compensation after an accident. Compensation may be available not only for the time you have missed at work as a result of injuries caused by someone else’s negligence, but also for future earnings.
Calculating Lost Wages in a Personal Injury Claim
If you are a salaried worker, or your hours are consistent and you know that you will be out of work for a specific period of time, it is fairly easy to figure out your lost wages. However, if it is unclear how much time you will miss, then you might wish to seek legal counsel. This may be the case if you are severely injured or if doctors or physical therapists are unsure how long recovery will last.
In many cases, the insurance company wants to settle your claim quickly. This is often a ploy to reduce the amount of compensation provided to you, which saves the insurance company money. If you settle prematurely, you may find yourself unable to recover compensation in the future if you find that the settlement is not sufficient to cover unforeseen damages.
Working with an attorney can give you the assurance that someone will fight for a fair settlement amount from the insurance company. This is very important because it may not just be your wages that are at stake. You also could lose commission, benefits, bonuses and more. These will need to be considered when calculating your current and potential future lost wages.
The situation becomes even more complicated if you learn that the injuries you sustained will prevent you from returning to work or will force you to take a different job that pays less. Such losses may need to be factored into your claim.
Compensation may be available that addresses the difference in pay between your previous work and your new job. A settlement may address your loss of earning potential and more. You could receive much less than you deserve if you attempt to settle with the insurance company on your own or if you accept a first offer, which is often quite low.
Consulting Denver Personal Injury Attorneys
Don’t make a decision regarding a settlement until you have talked with Denver personal injury attorney D.J. Banovitz at 1-303-300-5060. He can advise you on the types of compensation you are entitled to seek for your injury, such as lost wages — both current and future. Meanwhile, take a look at the firm’s FREE injury guide, which provides some tips for protecting an injury claim.