Loss of earnings compensation can be hugely important when seeking damages in a personal injury claim. This guide will explain how to claim for loss of earnings. It will also show what else you may be able to claim for and answer questions like, “what does a loss of earnings mean?”
Our advisors are available 24/7, offer free legal advice and can tell if you’re eligible to claim in just one phone call. Furthermore, they can connect you with a No Win No Fee solicitor from our panel who could help you receive thousands of pounds in compensation. Contact us using the details below.
- Call us now using the phone number above
- Contact us through our website
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Read on to learn more.
5 Things You Need To Know About Loss Of Earnings Compensation
- Proof Of Loss Of Earnings Is Important
- You Can Claim For Future Loss Of Earnings As Well As Past Losses
- You Can Recover Any Lost Bonuses
- Loss Of Earnings Is Just One Part Of Special Damages
- You Can Recover Loss Of Earnings In No Win No Fee Claims
- Get Free Legal Advice On Loss Of Earnings Compensation Claims
Making a personal injury claim revolves around proving third-party negligence. Certain third parties have a duty of care to protect your safety. This is legally binding as their responsibilities are clarified in legislation they need to abide by.
A third party with a duty of care includes your employer, for example. Under the Health and Safety at Work etc. Act 1974 they should take reasonable measures to ensure your safety and wellbeing in the workplace. Therefore, if their actions breach this duty, resulting in your injury, you may be entitled to compensation.
Under the Occupiers’ Liability Act 1957, those in control of places that are accessible to the public should ensure they’re safe to visit. (This can be applied to, for example, parks and supermarkets.)
A loss of earnings claim is specifically about claiming for the earnings you’ve lost due to the injury. For instance, you may be unable to work, meaning that you lose out on your wages. To potentially receive loss of earnings compensation, you need to be able to provide evidence. The financial evidence you could need includes:
- Bank statements
Without this evidence, your personal injury solicitor won’t accurately calculate the compensation you could receive.
It isn’t just your past loss of earnings that you may potentially be able to claim for. You could also claim for future losses if your injury is particularly serious. This is more for life-changing injuries that affect you for several years or permanently.
For example, if you’ve suffered an arm injury and you’re unable to continue working in your manual handling role, you may need to take a different job that pays less. If the injury wasn’t your fault, you could claim future loss of earnings compensation for the salary difference.
Compensation under these circumstances would also accommodate for the potential loss of your pension or any other work-related payments. This is because compensation from a personal injury claim is designed to financially put you back in the position you would’ve been in had the injury not occurred.
Working with No Win No Fee lawyers in the UK could help you do this. Their expertise in the field could result in you receiving compensation for many different types of losses, including loss of earnings compensation. Contact us using the details above at a time that suits you.
Compensation for loss of earnings also includes any lost bonuses that you’re now not entitled to due to the injury.
For instance, you may have attendance bonuses that, due to you being unable to work or absent during your recovery, you would now not receive. This is where our panel of No Win No Fee personal injury solicitors can help. They can assess all of the financial damages caused by the injury to provide you with an accurate assessment of what you could receive.
With evidence of losses, such as lost bonuses or missed pension contributions, you can make an accurate calculation of the compensation you could receive.
Loss of earnings compensation is part of a head of claim called special damages. Special damages, effectively, is designed to cover the financial losses you’ve suffered due to the injury. Evidence is important in this, as if you’re unable to provide sufficient proof of these losses, you wouldn’t receive compensation.
Other financial losses you could claim (if they’re caused by your injury) include:
- Travel costs
- Prescriptions/medical expenses
- Costs of hiring a care nurse
- Alterations to your house if you suffered injuries that necessitated this. This could include, for example, a care bed.
The other potential head of your personal injury claim is general damages. General damages relate to the physical and psychological damage caused by the injury. If your claim is successful, the amount provided depends on the extent and severity of your injury. Both general damages and special damages make up the total amount of compensation you could receive.
However, please bear in mind that if you don’t receive compensation for general damages, you won’t receive any compensation for the claim. This is because, should you not receive general damages, it has been deemed that the third party in question was not liable for your injury.
Concerning what you could receive for the injury, the Judicial College has built reliable compensation brackets from analysing previous payouts and comparing them to the extent of the injury. However, the compensation brackets provided by them are only an indicator of what you could receive for each injury respectively.
You could pursue loss of earnings compensation through a No Win No Fee agreement. Benefits of claiming through this method include:
- Only paying your solicitor’s legal fees at the end of the claims process if the claim is successful. Therefore, they take a small percentage of your compensation (capped by law) to cover these costs.
- Not paying legal fees if your claim isn’t successful.
- Not paying legal fees at any point before or during the claim.
No Win No Fee agreements can make funding a solicitor’s services more affordable. This could also be formally referred to as a conditional fee agreement.
If you want to claim loss of earnings in the UK, our advisors can tell you if you’re eligible to receive compensation in just a few minutes. If your injury is severe and particularly life-changing, claiming for loss of earnings compensation alone could be worth thousands of pounds.
Our advisors are available whenever you are, offer free legal advice, and provide you with a reliable compensation estimate using information supplied by the Judicial College. They can also connect you to our panel of No Win No Fee personal injury solicitors who have years of personal injury claim experience.
Use the contact details below to see if you can claim. If you have any more queries about loss of earnings compensation, please get in touch at a time that works for you.
- Call using the phone number above
- Contact us through our website
- Reach out using the Live Chat window on your screen.
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