Over Millions in Verdicts & Settlements For Our Clients
$12 Million Boating Accident
$7 Million Automobile Accident
$3.7 Million Slip and Fall
$3.5 Million Motorcycle Accident
$2.5 Million Pedestrian Accident

How to Prove Lost Wages If You’re Self-Employed

Medical bills can add up quickly after a serious accident, but lost wages often account for a considerable portion of a personal injury victim’s total damages. Fortunately, claimants can seek compensation for any lost income and lost earning capacity caused by their injuries. To recover a fair settlement, however, they need strong evidence to prove the value of these damages.

For claimants who are classified as employees, calculating lost wages can be fairly straightforward and may only require employment contracts, paystubs, and income statements. For those who are self-employed, though, proving lost wages poses certain challenges.

If you don’t receive regular paychecks, your attorney may use the following kinds of documentation to prove lost income:

1. 1099 Forms

1099 forms will show how much you make from your primary clients. If you have other sources of income that aren’t documented in a 1099, you’ll have to gather additional documentation to incorporate those losses into the settlement calculations. Such documentation may include statements from your bank, PayPal, and other financial institutions.

2. Active Contracts

If you had to pause any ongoing projects following the accident, your attorney will want to see their corresponding contracts. You may be entitled to compensation for upcoming work that you’re no longer able to complete due to your injuries.

If your income has been increasing gradually, it’s especially important that your attorney is able to review all active contracts. Otherwise, it will be difficult to account for all income that you are reasonably certain to have earned if the accident had not happened.

3. Balance Sheets

Since you generate your own balance sheets and income reports, the opposing party is unlikely to consider them reliable, unless they correspond to other documents that have been produced or at least signed by third parties. However, they can be used to corroborate lost wages that are proven using other documentation.

What Other Damages Can I Pursue Besides Lost Income?

In addition to lost wages, personal injury claimants in Florida can pursue the following damages regardless of their employment status:

  • Pain and suffering;
  • Emotional distress;
  • Loss of enjoyment in life;
  • Medical expenses;
  • Lost of future earning capacity;
  • Home care;
  • Domestic help;
  • Child care;
  • Alternative transportation;
  • Home and vehicle modifications; and
  • Property damage.

If your spouse died or suffered a serious injury, you may be able to pursue compensation for loss of consortium, which refers to the loss of comfort, companionship, affection, sexual relationship, solace, fellowship, and society.

If the at-fault party’s misconduct was particularly egregious, exemplary damages may also be available. These awards may be warranted in cases that involve gross negligence or intentional misconduct.

Call 772-266-5555 to Speak with a Personal Injury Attorney in Florida

If you want to file a personal injury claim in Florida, contact Donaldson & Weston. By letting us gather evidence, track damages, and handle all correspondence with the opposing party, you’ll be able to focus on your health. Call 772-266-5555 or fill out our Contact Form to schedule a free case evaluation with a personal injury lawyer in Florida.

What Our Clients Say
The attorneys at Donaldson & Weston helped me get an amazing result on my case. Obviously I’ve been through a lot physically but I feel better now and the money really helped my family. When I was riding my bicycle I was hit by a truck that wasn't paying attention. I am not the suing type, but I would definitely hire this firm again. - M.P.
After my accident, i felt like I was being pulled in a bunch of different directions. I really didn't know what to do and all I wanted was someone to shoot me straight. The lawyers at the firm were so honest and definitely pointed me in the right direction. The staff was professional. I think it’s great that only attorneys work on my case, it definitely made me feel comfortable - D.L.
After my accident happened I waited to hear back from the insurance company for about 6 months. I just felt like they kept jerking me around. They even told me not to hire an attorney because it would mean less money in my pocket. I couldn't wait any longer because my bills were out of hand. I hired this firm and they were solid. I got a great result without having to go to court. - S.C.