Income loss from personal injury: what you need to know

Michael MichelClaims handler

What is loss of income?

Loss of income occurs when an accident or injury leaves you temporarily or permanently unable to work. This can lead to a significant financial impact, especially if you depend on your salary. At Letselschade Advocaat Amsterdam, we understand how important it is to compensate for this loss of income.

Forms of income loss

Loss of income from personal injury can occur in a variety of ways:

1. Loss of salary: This is the most immediate loss of income. Your injury prevents you from working (temporarily), resulting in a lower salary or even no salary at all.
2. Missed promotions or bonuses: Injuries can cause you to miss out on certain promotional opportunities or bonuses. This type of missed income may be included in your injury claim.
3. Loss of self-employment income: Being self-employed can hit you extra hard. Without work, you depend on your reserves, and long-term disability can even put your business at risk.
4. Retraining costs: In some cases, you cannot return to your old job and retraining is necessary. The costs for this and any loss of income during retraining may be part of your claim.

In some cases, you cannot return to your old job and retraining is required. The costs for this and any loss of income during retraining may be part of your claim.

How is income loss calculated?

When calculating loss of income, consideration is given to:

• The net income you earned before the injury
• The expected duration of income loss
• Any other sources of income
• Future promotional opportunities

We ensure that all relevant factors are considered in order to file the most complete claim possible.

How can you claim loss of income?

It is important to have well-documented evidence, such as pay stubs, annual statements, and medical reports. Our attorneys will guide you through this process and negotiate with the liable party’s insurer to obtain fair compensation.

Why Letselschade Advocaat Amsterdam?

We work exclusively for victims and never for insurers. As a result, your interests are always our focus. We ensure that you receive fair compensation, including compensation for your lost income.

Conclusion

Loss of income due to personal injury can be a heavy financial burden. At Letselschade Advocaat Amsterdam, we are ready to help you calculate and claim the loss. Contact us to discuss how we can support you.