Claiming For Financial Losses After a Personal Injury
If you have been injured due to someone else's negligence or carelessness, you may have a valid case to pursue a claim for personal injury compensation.
With any personal injury case, the aim is to take care of any medical rehabilitation you may require and to also put you back in a position financially, as though the accident never occurred.
The amount of compensation you can expect will depend on two main factors that your solicitor will consider an award for, ‘general damages' and ‘special damages'. General damages is the amount of compensation considered for the pain, suffering and prognosis of your injury and how this affects your day-to-day lifestyle.
Special damages is the compensation that your solicitor will consider an award for any financial losses you have suffered.
If you have been unfortunate to have had your employment terminated as a result of your injuries, you will be able to claim not only for loss of earnings, but also for any future earnings which could include future benefits such as pension rights.
In some cases, you may be able to claim for any commission you may have lost out on, or loss of promotion and ‘congenial employment'.
How is compensation for financial losses calculated?
Your claim for financial losses will be based on your average earnings and any bonuses or commission you would have received had the accident not have happened.
You will need to provide your solicitor with your most recent wage slips and other relevant documentation in order to make a claim.
How is compensation calculated for the loss of future earnings?
If you have sustained a severe injury which means that you can no longer work, or you have had no other alternative but to work in a lesser capacity or had to take another lower paid job, you can make a claim for compensation. This is more difficult to quantify and you will need the legal advice and guidance of a personal injury solicitor to access this on your behalf.
What if I am self-employed?
Your claim for loss of earnings will be calculated on a similar basis and your solicitor will need to see your accounts, copies of invoices and other relevant documents to access how your compensation for loss of earnings should be calculated.
Where your employment circumstances have changed as a result of your personal injury, it is important that you seek legal advice for a claim for loss of earnings.
Contacting a personal injury solicitor is the first step when making a personal injury claim to get to get the compensation you deserve.
With any personal injury case, the aim is to take care of any medical rehabilitation you may require and to also put you back in a position financially, as though the accident never occurred.
The amount of compensation you can expect will depend on two main factors that your solicitor will consider an award for, ‘general damages' and ‘special damages'. General damages is the amount of compensation considered for the pain, suffering and prognosis of your injury and how this affects your day-to-day lifestyle.
Special damages is the compensation that your solicitor will consider an award for any financial losses you have suffered.
If you have been unfortunate to have had your employment terminated as a result of your injuries, you will be able to claim not only for loss of earnings, but also for any future earnings which could include future benefits such as pension rights.
In some cases, you may be able to claim for any commission you may have lost out on, or loss of promotion and ‘congenial employment'.
How is compensation for financial losses calculated?
Your claim for financial losses will be based on your average earnings and any bonuses or commission you would have received had the accident not have happened.
You will need to provide your solicitor with your most recent wage slips and other relevant documentation in order to make a claim.
How is compensation calculated for the loss of future earnings?
If you have sustained a severe injury which means that you can no longer work, or you have had no other alternative but to work in a lesser capacity or had to take another lower paid job, you can make a claim for compensation. This is more difficult to quantify and you will need the legal advice and guidance of a personal injury solicitor to access this on your behalf.
What if I am self-employed?
Your claim for loss of earnings will be calculated on a similar basis and your solicitor will need to see your accounts, copies of invoices and other relevant documents to access how your compensation for loss of earnings should be calculated.
Where your employment circumstances have changed as a result of your personal injury, it is important that you seek legal advice for a claim for loss of earnings.
Contacting a personal injury solicitor is the first step when making a personal injury claim to get to get the compensation you deserve.
