After being involved in a motorcycle accident, it is important to understand what to expect and what to do if you cannot work. Motorcycle accidents can have serious physical and financial implications, so it is important to be prepared for the potential outcomes.
This article will discuss what happens if you can’t work after a motorcycle accident, how to get help, and how to ensure you are financially protected.
In traffic accidents, motorcycle riders are more likely to suffer serious, catastrophic, and life-altering injuries than passengers in passenger automobiles. Suppose you were hurt badly in a motorcycle accident in Louisville and could not work for a while or ever again.
In that case, you may be entitled to cash compensation for your lost wages, reduced earning potential, and employee perks. Read on to know more about compensation for lost wages and where to find motorcycle accident lawyers.
How to Get Money to Replace Your Lost Wages
Motorcycle accident victims frequently find themselves unable to launch their employment hunt immediately.
Accident victims usually require surgeries, physical therapy, and rehabilitation in addition to hospital stays. It may take weeks or months for a motorcycle accident victim to earn what they did before the injury, even if they can eventually return to work.
Fortunately, as a collision victim in Kentucky, you may be able to recover lost income by using your legal alternatives.
The first option is a first-party insurance claim. No matter who is at blame, you are entitled to cash compensation from your auto insurance provider in Kentucky because it is a choice, no-fault insurance state.
Personal injury protection (PIP) coverage is a feature of your insurance plan that will pay for your medical costs, missed wages, and other losses. You can be entitled to money through a first-party claim to cover the following:
- Lost wages or hourly pay
- Commissions, bonuses, or tips
- Retirement and 401(k) contributions
- Insurance benefits
- Lost opportunity for future earnings
However, you could also file a third-party insurance claim or legal suit if the other driver was at fault for your motorcycle accident. A motorcycle accident lawsuit may result in increased financial compensation for significant damages, such as lost wages and disability bills. However, you or your attorney must show that the defendant was liable for your harm before you can collect compensation.
Lost Earning Capacity: What Is It?
Lost wages are different from lost earning potential. It refers to the projected loss of wages that will occur in the future due to a temporary or permanent impairment.
This cash compensation may compensate for the difference between your pre-accident earnings and your current earning capacity.
You might be eligible for financial compensation equal to the total amount you would have made during your lifetime if the calamity hadn’t occurred if you were disabled from working.
When determining your lost capacity to earn, many different factors must be taken into account, including how much money you made before your motorcycle accident, your physical abilities and the seriousness of your injuries, how much money you can make right now (if any), your age and general health, among many others.
It typically requires a professional, such as a motorcycle accident attorney in Fort Myers, financial expert, or forensic accountant, to evaluate lost future earning potential after a significant accident and incapacitating injuries.
Federal and State Disability Benefits
A government-sponsored program like Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) may also be able to compensate you for your inability to work.
You can apply for these types of benefits online with the help of a lawyer. Disability benefits from the Social Security Administration may be combined with compensation from a Kentucky motorcycle accident settlement or jury award.
For Motorcycle Accidents, Seek Legal Counsel
Speak with a motorcycle accident attorney immediately to review your alternatives if you were recently harmed in a motorbike accident and cannot work. The motorcycle accident attorneys will carefully examine your case and offer you legal advice on proceeding with an insurance claim or lawsuit.
We are conscious of the stress and financial burden that could arise from being out of commission due to a motorcycle accident. We’ll exert every effort to bring your family peace of mind, justice, and financial reparation.
If you cannot work after a motorcycle accident, it is vital to understand your rights and the various options available. Depending on the specifics, you can be eligible for compensation through a personal injury claim or a claim with your insurance company.
Additionally, you may be able to receive benefits through the government, such as Social Security Disability or unemployment benefits. Taking the time to understand your rights and explore your options can help you ensure that you can receive the financial compensation and assistance to which you are entitled.
Avard Law is a South Florida-based practice specializing in Social Security Disability, Personal Injury, Workers’ Compensation, and Veterans’ Benefits. Contact us to speak with a motorcycle accident attorney in Fort Myers!