How Lost Wages Are Calculated After an Accident in Nevada

The aftermath of an accident is not an easy one to go through. As a victim, not only do you have to deal with the pain and stress of your injuries, but you may also be unable to work, which can make it hard for you to pay your bills and take care of your family. However, the good news is that the law in Nevada allows you to recover the money you would have earned if you had not been injured. This can be paid to you when you file a compensation claim against the offending party responsible for your accident.

The next question on your mind might be: How much compensation can I get for lost wages? Unfortunately, the answer is not exactly straightforward. Several factors affect how lost wages are calculated, including how you get paid (hourly or on a salary), whether you earn bonuses or commissions, or if you have your own business. Thinking about these calculations might be overwhelming, but with the guidance and support of our lawyers, you have nothing to worry about.

Insurance companies are well-known for their stonewalling tactics and their reluctance to pay full compensation. When they cannot totally deny your claim in good faith, they may try to pay you less than what you are owed. This is why it is essential to understand how those lost wages are calculated.

This blog will discuss everything you need to know about what to expect and how to protect your financial future after an accident. If you or a loved one has been involved in an accident in Nevada, you will need the help of well-experienced and reliable lawyers; contact us and let us help you.

Why You Should Hire a Lawyer From Leverty & Associates Law

At Leverty & Associates Law, we have lawyers who understand how challenging life can be after an accident. Our legal team is dedicated to fighting for your rights and ensuring you receive full compensation for your lost wages and every other type of damages you incurred. With more than 50 years of experience in personal injury cases, we deeply understand Nevada laws and how to present evidence effectively.

We are committed to getting you the justice you deserve. Our experienced lawyers will work tirelessly and aggressively to represent you. We will prioritize your case, so you can rest assured that it is in good hands. Contact us at (775) 322-6636 to learn how we can help you.

We have successfully handled numerous personal injury cases in Nevada and can handle yours, too.

How Lost Wages Are Calculated After an Accident in Nevada

Below is a description of how your lost wages can be calculated after an accident in Nevada:

Regular Pay (Hourly or Salary)

If you are an employee who receives regular pay, your lost wages will be based on the amount you usually earn when you miss work due to an accident. It will be calculated in the following ways:

  • Hourly pay: If, before the accident, you were paid by the hour, you can calculate your lost wages by multiplying your hourly rate by the number of hours you missed.
  • Salary: If you have a salary, you can calculate your lost wages by dividing your yearly salary by the number of work days in a year. Then multiply that by the days you were out of work.

For example, if you earn $4,000 monthly and miss two months of work due to the accident, you could claim $8,000 in lost wages.

Overtime, Bonuses, and Commissions

If you usually work extra hours, get bonuses, or earn commissions at your workplace, you can also claim that money, but first you must show proof, such as old pay stubs, tax returns, or a letter from your employer. This evidence will show how much extra income you make.

Self-Employment Income

If you own a business, lost wages might be more challenging to calculate, but you can still make a claim. You must provide documents like invoices, contracts, tax returns, or bank statements. These documents will show how much you would have earned if you had not been injured in the accident.

Sick Days and Vacation Time

If you had to use your paid sick days or vacation time while recovering from the injuries you sustained from the accident, you can include it in your claim. You can do this because recovering when you should be taking your paid time off (PTO) is a lost benefit, which counts as a financial loss.

Future Lost Wages and Career Impact

If the injuries you sustained from the accident are severe and you cannot go back to work for a long time, or if you cannot do the same job anymore, you may be able to get compensation for your future lost wages. However, the amount depends on the following factors:

  • How long your doctor says you need to recover
  • Whether you can still do the same job or if you need to switch to a lower-paying one
  • What your expected career earnings would have been if you had not been involved in the accident.

We are not afraid to go against insurance companies and will not relent in fighting for compensation.

How to Prove Lost Wages

To make sure you get the full compensation you deserve, you will need to build a solid case, and for that you will need the following proof:

  • Pay stubs or tax records that will show your usual earnings
  • A letter from your employer that confirms the number of workdays you missed
  • Medical records that will help to prove that your injuries prevented you from working
  • If you are a self-employed worker, you must provide business records to show how much income you lost.

Get Help From Leverty & Associates Law

At Leverty & Associates Law, our attorneys have dedicated their careers and knowledge to helping clients who need legal guidance, support, and assistance. We have helped many clients achieve legal goals specific to their cases and can help you, too. Our services are on a contingency fee basis, so you do not have to pay us until we secure a favorable outcome. Call us at (775) 322-6636 for a free consultation.

Attorney Patrick Leverty

Attorney Patrick LevertyWith his master’s in insurance law, Patrick routinely helps individuals and businesses who are having issues with their insurance company. He also has extensive experience with personal injury actions, complex tort actions, product liability matters, and class actions. Patrick Leverty is rated AV by Martindale Hubbell (the highest rating) and has been granted membership in the Million Dollar Advocate Forum, and Multi-Million Dollar Advocate Forum. Patrick Leverty has been certified as a Personal Injury Specialist by the State Bar of Nevada. [ Attorney Bio ]

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