If you have been involved in a car crash, slip and fall, workplace incident, or any other type of accident that resulted in an injury, one of the most stressful concerns you may have is how you are going to cover your associated expenses and everyday financial obligations during your recovery. If you cannot work after an accident as a result of your injuries, you may be able to be compensated for lost wages. It is important that you protect your legal rights and options during the aftermath of your accident. Reach out to a Bexar County, Texas personal injury lawyer to schedule your free consultation today.
What Are Lost Wages?
The term “lost wages” in personal injury law refers to income that you would have earned or had the opportunity to earn if you had not been injured in your accident. This can include your regular salary, hourly wages, commission, tips, bonuses, and income from self-employment. It could also include certain benefits like vacation days, retirement contributions, or anything that you are missing because of your injury.
Can I Be Compensated for Lost Wages After an Accident?
Accidents and injuries can result in a significant amount of financial loss including medical expenses and property damage. Depending on the nature and severity of your accident, you may be unable to go to work during your recovery, leading to even more financial damages and stress. Fortunately, you can be compensated for your lost wages, among other things.
You can recover lost wages in several ways depending on the details of your accident, but the most common are through PIP, a liability insurance claim, or a personal injury lawsuit.
PIP (Personal Injury Protection) is a type of no-fault insurance that you can pay for and compensates you for injury-related expenses after an auto accident, including medical expenses, lost wages, and more. Texas state law requires all drivers to be offered PIP, though you have the choice to opt out. Regardless of who caused the accident, you can recover lost wages through a PIP claim if you carry it on your policy.
You may also choose to file a liability claim against the at-fault party in your accident, one of the most common ways to recover compensation after an accident. If someone else’s negligence or recklessness caused your accident, you can file a claim and request compensation for your associated expenses, including lost wages.
If you cannot reach a satisfactory settlement with the insurance company or the negligent party’s insurance policy does not cover your total expenses, you can also file a personal injury lawsuit against them. Although lawsuits can be time-consuming and costly, they often yield higher amounts of compensation and ensure that you are fairly compensated for your current and future lost wages.
It is important to fully understand your legal options after an accident. Reach out to a skilled attorney today for more information.
