Loss of Income - Employed
It is often thought that calculating income loss for employed individuals should be among the most straightforward calculations in a personal injury matter. However, this may not be the case in many situations. For example, determining the value of employee benefits can add a considerable amount of complexity to the calculations. Another layer of complexity is added if the plaintiff is in receipt of collateral benefits, like Canada Pension Plan disability benefits and short and long-term disability benefits, since they each often interact with each other and the amount of these benefits tends to change over time.
Calculating loss of income for employed plaintiffs may also require that we consider additional sources of income, like overtime pay, shift premiums, bonuses, etc., which are paid in addition to regular employment income and which can vary over time. The plaintiff’s regular employment income may also change over time if they happen to be on a career trajectory that is likely to include future growth - for example, the income of a young accountant, teacher, or engineer bears little resemblance to the income they would be expected to earn 5, 10, or 20 years in the future. Our calculations always incorporate the most relevant, current statistics to support all of your damages claims.
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.