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These wage loss benefits are crucial so you can pay your living expenses such as housing, utilities, transportation, and food while you recover. What amount of lost wages you receive depends on whether your injury is a temporary total disability (TTD) or temporary partial disability (TPD).
Lost wages, or lost income, refers to the money you would have earned but didnt because you could not work after injury. Not only does this include hourly wages, but it may also include sick or vacation days, tips, and commission.
What is classed as a loss of earnings? A loss of earnings is any financial loss caused by being able to work due to a personal injury as a result of third-party negligence. This could be a full-time or part-time role.
What Are Lost Wages? Loss of income, also called lost wages, refers to the monetary amount of work you missed when recovering from an accident. Lost wages belong in the special class of damages. This is important when calculating damages.
Loss of income refers to the situation in which a persons source of money for expenses or lifestyle, such as salary from a job or income from a business, is terminated. This financial risk can be covered by insurance.
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For you to be able to make a loss of earnings claim, you need to be able to provide sufficient evidence of how much your losses amount to, and evidence that your accident or injury caused this loss. This could be because you were not able to work.
Wage loss is a new term that means the difference between the average weekly wage that the employee was earning at the time of the injury and the average weekly wage that the employee would be capable of earning after the injury.
Take the amount of your hourly wage and multiply it by the number of hours you missed due to the accident. For example, if your hourly wage is $20, and you missed work for three days (8 hours per day), your calculation would be: $20 x (8 hours x 3 days) = $480 (your total lost wages).
Lost wages, or lost income, refers to the money you would have earned but didnt because you could not work after injury. Not only does this include hourly wages, but it may also include sick or vacation days, tips, and commission.
These wage loss benefits are crucial so you can pay your living expenses such as housing, utilities, transportation, and food while you recover. What amount of lost wages you receive depends on whether your injury is a temporary total disability (TTD) or temporary partial disability (TPD).

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