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How to Calculate Lost Income After a Michigan Personal Injury Accident

Your accident is in the past, but the effects of your injuries may continue long into the future. You’ve already lost time from work and the income that goes with that, and your injuries could affect your future earning potential.

Calculating All of Your Lost Income

Generally, lost income includes any income that you could not earn because of your accident injuries, including past and future:

  • Wages
  • Benefits
  • Bonuses
  • Reasonably anticipated raises
  • Income from self-employment

Your lost income may include all of your income if your injuries completely prevent you from working, or it may include part of your income if you can work but need to work fewer hours or at a lower-paying job because of your injuries.

Michigan no-fault insurance may cover a percentage of your lost income up to a maximum monthly amount for up to three years after your accident. However, your lost income may significantly exceed that maximum monthly amount and may continue for much longer than three years. You may recover additional compensation for lost income through a personal injury lawsuit.

Let Our Experienced Michigan Personal Injury Lawyers Help You

Our goal is to get you compensation for the income you have lost and will lose in the future. To accomplish this goal, we will:

  • Gather all relevant evidence of lost income, including but not limited to pay stubs, tax returns, and expert witness testimony
  • Make sure that all accident-related evidence is preserved
  • File your lawsuit before the statute of limitations expires
  • Negotiate with all insurers and zealously advocate for your fair recovery in court

You do not need to carry the burden of litigation as you recover from your physical and emotional accident injuries. Instead, our experienced Bloomfield Hills personal injury lawyers will make sure that your right to lost income compensation and all of your other accident compensation is protected. Please text us, call us, or complete our contact form today to have us contact you to schedule a complimentary consultation.

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