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After a damaging Indiana car accident, you may be unable to work. Whether this lapse in income is temporary or permanent, Indiana victims need to learn how to calculate their lost wages after a car accident to demand the compensation they deserve.
Calculating current lost wages after an Indiana car accident is relatively simple. Your attorney will assess your annual salary and the number of working days you’ve missed. Calculating future lost wages is more difficult, as victims often need corroboration from a doctor. Generally, Indiana car accident victims can recover lost wages in a lawsuit against a negligent driver. Unfortunately, recovering such damages from an insurance company is often more challenging. Whichever route you choose, hire a lawyer to help you recover past, present, and future lost wages caused by an Indiana car accident.
Our lawyers care about helping Indiana victims recover compensation for lost wages after a car accident. Call today for a free case evaluation with the Indiana car accident attorneys at Wruck Paupore at (219) 322-1166.
Car accidents can be incredibly damaging in Indiana, so victims are often unable to work while recovering from their injuries. When such catastrophic injuries occur, victims need to learn how to calculate their lost wages to better understand the compensatory damages they need.
Generally, calculating lost wages after an Indiana car accident is relatively straightforward. Simply take your annual salary and divide it by the total hours you work in a year. Then take that number and divide it by the number of working hours you’ve missed as a result of your injuries. Your result will be the total wages you’ve lost because of a negligent driver’s actions.
This calculation can become more complicated when Indiana victims do not have salaried jobs or are self-employed. Your Indiana car accident attorney can compile the necessary information to calculate your total lost wages caused by the injuries you’ve sustained in a car accident, regardless of your profession.
If you’ve recovered from your injuries and can resume work, your Indiana car accident lawsuit settlement may not account for future lost wages. Unfortunately, many Indiana victims sustain devastating injuries that prevent them from working for some time. If your injuries are severe enough to impact your income for the foreseeable future, your attorney will factor that into the compensatory damages you’re seeking in a lawsuit.
Unfortunately, it is not uncommon for Indiana car accident victims to sustain life-altering injuries that prevent them from working their previous job again. When this happens, it’s important to calculate future lost wages. Victims can estimate this number by multiplying their previous income by the number of years they expected to remain in such a position. Many factors go into calculating future lost wages, which is why it’s important to hire a skilled Indiana car accident attorney.
Victims should seek medical care to get some insight into how many years of lost wages need to be accounted for in an Indiana car accident settlement. A doctor can regularly assess your injuries and healing progress to corroborate your need for future lost wages.
If your family relied on your previous income for financial security, it’s important to calculate future lost wages from car accident injuries properly. Overlooking the long-term financial impact of an Indiana collision can profoundly negatively impact victims and their families.
When an Indiana car accident impacts your ability to work, you can file a lawsuit for compensatory damages. With help from an experienced attorney, victims can often recover compensation for lost wages as part of their awarded economic damages in an Indiana car accident settlement.
In an Indiana car accident lawsuit, victims can recover two types of damages: economic and non-economic. Economic damages attempt to compensate victims for the financial impact of a negligent driver’s actions. Generally, this includes any wages you have lost as a result of your injuries. Often, lost wages and medical expenses are the baseline amount victims receive at the end of an Indiana car accident lawsuit.
That being said, it can be difficult to prove the need for future lost wages. In order to do this, your Indiana car accident attorney may compile evidence from your medical records and call on medical experts to attest to the fact that you are not able to return to work. Having a skilled attorney by your side can help you recover compensation for past, present, and future lost wages after an Indiana car accident.
If your Indiana lawsuit is successful, you’ll likely be compensated for lost wages. The same is not always true when Indiana car accident victims choose to file an insurance claim. If you require compensation for lost wages and want to file an insurance claim instead of a lawsuit, it’s important that you hire an attorney.
Unfortunately, Indiana insurance companies are not eager to pay car accident victims what they’re due. While recovering compensation for lost wages may seem like the bare minimum to Indiana victims, it’s important to know that you can’t rely on an insurance company to do the right thing. If you don’t have an experienced attorney, an Indiana insurance company may try to offer a settlement amount that doesn’t adequately compensate you for lost wages.
While insurance companies use the same formula to calculate lost wages after a car accident, they are not obliged to follow through. Victims who hire an Indiana car accident attorney will have a dedicated advocate during settlement negotiations with an insurance company. If you don’t have a lawyer and seek compensation for lost wages from an Indiana insurance company, you may not get the settlement amount you need.
If you’ve been injured in a car accident in Indiana and require compensation for any resulting lost wages, turn to a lawyer you can trust. For a free case evaluation with the Indianapolis car accident attorneys at Wruck Paupore, call us today at (219) 322-1166.
Don is a founding partner and one of the nation’s top-ranked personal injury litigators. He is a member of the Multi-million Dollar Advocates Forum, which includes less than 1% of the nation’s trial lawyers, and awarded the highest ranking given by Martindale Hubbel and AVVO.
More importantly, Don understands representing personal injury victims is about more than recovering the best settlement: it’s about helping clients get back on their feet and supporting them in every aspect of their recovery.
In nearly all cases, our clients seek compensation from the wrongdoer’s insurance company. Before forming Wruck Paupore, Jason worked for a prominent law firm representing some of the world’s largest insurers. This experience gives Jason a deep understanding of the insurance industry and the strategies it uses to pay injury victims as little as possible.
Jason -- and our entire team -- put this inside knowledge to work to force insurance companies to pay what is actually owed. Often, we use the insurance company’s own tactics against them as we fight for the full compensation our client deserves.
For more than four decades, Keith has been fighting for injury victims. During that time, he’s watched the insurance industry change, with insurers now more interested in protecting their stock price than treating injury victims fairly.
Since the beginning, Keith has put people first. From his childhood in Gary, Indiana during the 1960’s and working his way through law school, Keith has risen to become one of the Midwest’s most respected trial lawyers. He has never forgotten that being a lawyer is about helping people -- and seeing injury victims through struggles in a way that could change their lives forever.
Over the decades, Keith, Don and Jason have fought relentlessly for clients, even when other lawyers have said the case was impossible to win.
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Wruck Paupore P.C.
Injury Lawyers
275 Joliet St. Suite #250
Dyer, IN 46311
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