Income Replacement Benefits (IRB)
Income replacement benefits (IRBs”) are payable under Ontario’s legislated statutory accident benefits regime (“SABS”). It provides injured plaintiffs with a basic level of weekly income after their accident if they are either unable to work or are forced to work at a reduced capacity. We calculate IRBs for both employed and self-employed individuals, integrating our calculations with the relevant provisions of the SABS, and where requested we can also provide calculations of interest on overdue benefits where the insurer has refused to pay benefits as set out in the SABS.
Our fees for these services are capped at the $2,500 limit as allotted under the SABS and we also do the administrative work of billing the insurer directly.
The experts at Krofchick Valuations have prepared thousands of expert reports quantifying the economic damages in personal injury matters such as motor vehicle collisions, slip and falls, medical malpractice, toxic torts, sexual assaults, and criminal damage claims etc. We assist our clients with the complicated financial aspects of their damages claims. We tackle the difficult cases with ease and efficiency.
We pride ourselves on our ability to deliver the highest quality expert reports in a timely, efficient, and cost effective manner. And of course, should your case proceed to trial our qualified staff will provide you with expert testimony.
Put our years of experience to work for you.
For more information on how the experts at Krofchick Valuations can help with your case, please Contact Us. Our staff would be pleased to review any matter with you.