How Can A Self-Employed Victim Assess Future Loss of Earnings After The Accident?

For any accident victim, two aspects of that accidental occurrence force the same victim to deal with losses of the greatest size. One of those arises from the costs of necessary medical treatments and health care. The other one concerns the victim’s future loss of earnings.

When victims run their own business, calculation of those future losses poses quite a challenge. Yet personal injury lawyers do not turn away those victims that are self-employed. Instead, those same attorneys have developed tactics that aid satisfactory completion of such calculations.

Tactics used by injury lawyer in Barrie

Find ways to highlight the overall credibility of a self-employed client. That could involve extracting testimony from past customers. It could also trigger a search for information about any awards that have been given in the past to the now-injured entrepreneur.

Utilizing a method called projection, in order to prove the client’s earning capacity. Studying the amount of money being made at the time of the accident and projecting into the future. That should reveal the approximate amount of any future lost income.

Proving the existence of new medical problems, which threaten to decrease the client’s value to a possible employer. This tactic helps to make it clear that the victim would find it difficult to obtain a job other than the one that he or she has already created.

Creating a record of the tasks performed both before and after the accident. This can be used to underscore the extent to which the accident-caused injuries have kept the self-employed client from carrying out all the tasks that he or she had been tackling alone in the past. Such records could suggest the need to hire workers that could perform the jobs that the client was now unable to do.

Focusing on the need for a self-employed person to remain competitive. When injuries diminish that person’s level of competitiveness, then those same medical problems become the cause for a loss of future income.

Documenting the lost wages. Collecting figures that show a decrease in the client’s revenue following the accident.

Outline the full extent of the client’s economic losses. This would include both the declining income and the need to hire people that could perform those tasks that the self-employed client could no longer tackle. If any delays had caused the client’s product to become outdated, then that fact could be included in the presented outline.

Demonstrating the inability of the plaintiff/client to resume his or her normal functions in the days that had followed immediately upon a given accident. Obviously, the longer the period of time during which the client remains incapable of doing such tasks, the greater the loss of future income.