After an accident, you may need to take time off work to recover. However, this can result in lost wages after a car crash. Your Houston traffic accident lawyer can help you file a claim for lost wages against the responsible driver’s auto insurance. They can also help you file a lawsuit for lost wage damages if need be. It can be more difficult to prove lost wages while self-employed. However, your Houston traffic accident lawyer can help. Learn more about self-employed lost wage auto accident claims.
Talk to Your Houston Traffic Accident Lawyer About Proof of Lost Wages While Self-Employed
It can be a little more difficult to prove self-employed lost wages. In most cases, a victim of a car accident submits medical records stating they can’t work and then submits their pay stubs or W-2 forms to prove what their wages are. Naturally, self-employed victims will likely have a different process.
There are many different nuances to proving a self-employed lost wages claim. For example, your income may fluctuate month to month or season to season. You may also be having a better year than past years, which means you had the potential to earn more. Because there’s so many different factors in proving lost wages for self-employed accident victims, you should hire your Houston traffic accident lawyer as soon as possible. We help you calculate lost wages, gather evidence, and negotiate with the insurance adjuster.
Self-employed professionals can work with their Houston traffic accident lawyer to help prove lost wages due to a car accident. For example, you may need documents about lost income, lost contracts, and lost business opportunities. Some documents that may pertain to this include 1099 forms, your tax return from the previous year, business communications, invoices, receipts, and other such evidence. You will also need medical documents stating that your doctor recommended you take some time off.
For example, a commission artist gets into a car accident and harms her hand. Because she can’t use her hand, she can’t work. Some documents she and her Houston traffic accident lawyer may submit to the insurance company are:
- Proof of cancelled projects she couldn’t complete due to her injury
- Emails or documents asking for her to take on new projects that she couldn’t due to her injury
- Letters from her physician that explain she can’t draw or paint because of the car accident damaged
Different Types of Self-Employment
Depending on the type of job you do, your self-employed lost wage process can be more or less complex. However, there are options for every type of self-employed person to calculate lost wages. Your Houston traffic accident lawyer can help you determine what your lost wage claim is worth and also help you gather proof of your lost wages.
Independent contractors or consultants that work with other companies may have an easier time finding evidence for their lost wage claim. If you’re an independent contractor, then you likely receive 1099 forms from the companies you work with. This details how much you were paid for your services. These tax forms can help show your gross annual income, which can then be divided into months or weeks to determine how much you lost out on due to your car accident injuries.
By contrast, sole proprietors may have a somewhat more difficult time proving lost wages, particularly if you’re running a newer business. If you’ve been self-employed for quite a while and have had a fairly steady income, then tax returns and other documents can help us calculate your lost wages. However, newer businesses may not have several years of documents to prove income. When this is the case, we may need to get more creative in how we approach calculating your damages.
Sole proprietors of newer businesses need not panic, however, as there are still options. For example, profits and loss documents, bank statements, and other types of financial documents can all come in handy. Also, we can even look at a calendar of appointments to show that you missed out on meetings with potential clients. The key is to find every shred of evidence we can for any type of lost wage or lost business opportunity. This can help us fight for the compensation you need after a car accident. In some cases, we can even look at similar businesses to see the average profits they earn under similar circumstances. For example, if you’re a new franchise owner, you may not have financial history, but we can look at other franchises in similar areas and under similar conditions.
What are Lost Wage Houston Accident Insurance Claims? How Can My Houston Traffic Accident Lawyer Help?
So, what exactly are lost wage Houston traffic accident insurance claims? A lost wages claim involves wages you would have earned but couldn’t between the time of the accident and the time you make a full recovery. Just like any other damage claim, you send it to the negligent driver’s insurance to ask for compensation for your damages. You also must submit documentation and evidence to help prove your claim. Then, the insurance adjuster works with you to come to a settlement amount. Your lawyer can help you submit your claim and also negotiate with the adjuster to help you receive Houston auto accident compensation for all your damages, including lost wages.
Some components of lost wages include lost:
- Earning capacity
- Business opportunities
If someone injured you in a car accident that resulted in lost wages, contact a lawyer as soon as possible, especially if you’re self-employed. Insurance adjusters often try to undermine lost wage claims and pay you less than you deserve.
At DeSimone Law Office, we’ve helped settle thousands of car accident cases over the years. Our legal team helps fight for your rights and help you receive the compensation you deserve. We don’t allow insurance companies to trick or bully our clients into taking lowball settlements. Call us today at (713) 526-0900 to speak directly with one of our attorneys about your case. We are here to serve you!