Injuries sustained in car accidents often result in temporary or permanent disability, severely limiting your ability to work. This makes it challenging for victims to support their families, pay bills and manage expenses. Therefore, it is crucial to understand the system of recovering lost wages after an Arkansas car accident injury.
Lost wages refer to the income you would have received if your accident had not taken place. According to U.S. law, victims hold the right to be reimbursed for lost wages if their injury is caused by someone else’s negligence. This means that your employer can compensate you for your lost income while you recover from your injuries.
While there are several options to recover lost wages, the best course of action is to seek advice from an auto accident lawyer.
Recovering Lost Wages After a Car Accident:
Every year, approximately 4.4 million US citizens are injured in car accidents. To start the process of recovering lost wages after an Arkansas car accident injury, you must establish the following:
- Your involvement in the car accident
- The injuries you sustained in the accident
- How your injuries resulted in missed work
- The income lost due to missed work
The next step is to choose and determine the best course of action to claim your compensation. This mostly depends on your insurance company and type of employment. Lost wages are typically claimed through the following approaches:
1. Car Insurance:
Car insurance is usually the most feasible option for recouping your lost wages. To submit your lost income claim, you must first prove liability and understand what is covered in your insurance policy. After your claim submission, you are required to undergo an independent medical examination. The last step is to submit an employment authorization form.
These steps allow the insurance company to confirm your injury and prove how it is preventing you from earning an income. It is important to provide as much detail as possible while describing your injury in the medical paperwork.
2. Personal Injury Claim:
Car insurance policies might not always be sufficient to compensate you for your lost income. In this case, you can file a personal injury claim against the negligent driver who caused the accident. For this type of claim, it is advisable to hire a professional car accident lawyer.
During the legal process, your injury attorney can assist you in protecting your rights to compensation. It is recommended to connect with an attorney as soon as possible to make sure that valuable evidence is neither lost nor destroyed during this time.
How to Prove and Calculate Lost Wages after an Arkansas Car Accident Injury:
While the process of proving lost wages may seem daunting, it only requires some basic evidence to show that you have missed work due to your injuries. Your medical records are considered to be the main component of your claim. These documents must clearly describe your injury and indicate how it was caused due to a car accident.
In order to calculate your entitled compensation, you must provide recent pay stubs, W2 forms, or tax filings to your attorney. In addition to that, you will require a letter from your employer stating that you have missed work due to your accidental injury. This letter must contain details regarding your hourly wage and income level.
If your employer pays you an hourly wage, you can calculate your lost wages by multiplying your hourly wage with the number of hours that you missed from work. For salaried employees, you can divide your income by the number of hours worked in a year. This will allow you to calculate your hourly wage. You can then multiply this by the number of missed work hours after your accident. This calculation will give you the total amount of your lost wages.
For self-employed individuals, you must claim lost income instead of lost wages. Lost income is different since it indicates the amount of money you would have earned if the accident had not occurred. To calculate your lost income, you must provide documents that prove your average work income.
Recovering lost wages after an Arkansas car accident injury can be complicated without the assistance of a reputable car accident law firm. If you have lost income due to a car accident in Arkansas, you can consult NWA Car Accident Attorney to claim your lost wages. Our experienced attorneys can provide the right guidance and help you fight for your rights if needed.