Lost Wages
Experiencing a car or truck accident in New York City can be overwhelming, especially when injuries prevent you from working and disrupt your financial stability. At Cohan Law, we understand the challenges you face and are committed to helping you navigate the complexities of recovering lost wages. In this article, we’ll guide you through the process of claiming compensation for missed work due to accident-related injuries.
Understanding Lost Wages in New York
Lost wages refer to the income you would have earned had you not been injured in an accident. This includes not only your regular salary but also overtime, bonuses, and other earnings. In New York, the process of recovering these wages depends on the specifics of your accident and the severity of your injuries.
No-Fault Insurance and Lost Wages
New York operates under a no-fault insurance system, meaning that after a car accident, your own insurance policy’s Personal Injury Protection (PIP) covers certain economic losses, regardless of who was at fault. PIP can reimburse up to 80% of your lost earnings, capped at $2,000 per month, for up to three years following the accident. However, this coverage may not fully compensate you, especially if your income exceeds these limits or your injuries are severe.
Pursuing Additional Compensation
If your lost wages surpass the PIP limits or if you’ve sustained a “serious injury” as defined by New York law, you may be eligible to file a personal injury lawsuit against the at-fault party. Serious injuries include fractures, significant disfigurement, or injuries leading to substantial disability for 90 days within the 180 days following the accident. Through such a lawsuit, you can seek compensation for the full extent of your lost wages, both past and future, as well as other damages like pain and suffering.
Documenting Your Lost Wages
Accurate documentation is crucial for a successful claim. To substantiate your lost wages, gather the following:
– Medical Records: Detailed reports from your healthcare providers outlining your injuries and the recommended recovery period.
– Employment Verification: A letter from your employer confirming your position, salary, and the time you’ve missed due to the accident.
– Pay Stubs and Tax Returns: These documents help establish your earnings history and quantify your financial loss.
– Additional Income Proof: If applicable, evidence of overtime, bonuses, or other income sources affected by your inability to work.
Steps to Take After the Accident
- Seek Immediate Medical Attention: Even if injuries seem minor, prompt medical evaluation ensures your health and provides essential records for your claim.
- Notify Your Insurance Company: Report the accident to your insurer promptly to initiate the PIP claim process.
- Consult a Personal Injury Attorney: An experienced lawyer can assess your case, guide you through the legal process, and advocate for the compensation you deserve.
Why Choose Cohan Law
At Cohan Law, we specialize in personal injury cases stemming from car and truck accidents in New York City. Our dedicated team is committed to protecting your rights and ensuring you receive the full compensation you’re entitled to. We understand the intricacies of New York’s insurance laws and have a proven track record of successfully recovering lost wages for our clients.
Don’t let an accident derail your financial future. Contact Cohan Law today for a free consultation, and let us help you get back on the road to recovery.
