Using A Loss of Earnings Compensation Calculator

If you’ve suffered a personal injury, you might have had to take time off work in order to recover. Even if your workplace has a comprehensive sick pay policy, this can still result in some considerable lost earnings. In this case, you might be wondering how a loss of earnings compensation calculator could help you.

In this guide, we’ll talk about what loss of earnings means and how compensation calculators work. We’ll also discuss how a calculator like this could help you and what your potential personal injury compensation could be worth.

Finally, we’ll talk about how to make a loss of earnings claim, and how a No Win No Fee solicitor from our panel could help you.

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Hopefully, our guide will provide all the information you need. But if you’d like to learn more, you can get in touch with our team by:

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Browse Our Guide

  1. Loss of Earnings Compensation Calculator
  2. How Much Loss of Earnings Compensation Could I Receive?
  3. Can I Claim For Loss of Earnings?
  4. Contact Us For Free To See If You Can Claim For Loss of Earnings
  5. Useful Resources About Personal Injury Claims

Loss of Earnings Compensation Calculator

When starting a personal injury claim, the first question a lot of people ask is, “How much compensation could I receive?” While there’s no way to know for sure until the claim is complete, there are some tools that can help you get a wider idea of what your compensation award could look like. One of these tools is called a personal injury claim calculator, or in this case, a loss of earnings claim calculator.

A loss of earnings compensation calculator is a tool that can help you get a broad idea of how much compensation you could receive from a personal injury claim. These kinds of tools work by taking into account your lost earnings and the potential value of your physical and mental injuries, combining these amounts into one broad estimate.

It’s important to remember that while a personal injury claims calculator like the one below can be very helpful, the amounts they calculate aren’t guaranteed. We talk more about how these amounts are reached in the following sections, so read on to learn more, or get in touch with our team of advisors today for more information.

Piles of coins representing loss of earnings compensation with paper figures standing on top

How Much Loss of Earnings Compensation Could I Receive?

You might be wondering how much compensation you could receive. As we’ve already mentioned, lost earnings are only a small part of your overall compensation amount, falling under a heading known as special damages.

Special damages are one of two potential headings that could make up your final compensation amount, and these cover the financial losses that are caused by your injuries. For example, these could include lost earnings, as well as the cost of:

  • Childcare.
  • Prescriptions and other medical expenses.
  • Travel.
  • Home adjustments.
  • Physiotherapy.
  • Mobility aids.
  • Counselling.
  • Cosmetic aids.

You’ll need to provide evidence of these losses in order to claim for them. For example, this might mean saving relevant wage slips, receipts, and invoices.

What Are Future Loss of Earnings?

In some cases, your injuries might be so severe that you will not be able to work for a significant time or ever again. For example, in loss of limb or loss of sight cases, or in cases of severe head injuries. 

If this happens, then all of your future earnings can be considered in your compensation claim. This is done by calculating how much of your working life is left against previous wage slips, and can include things like regular bonuses and pension contributions.

What Are General Damages?

General damages is the head of claim that covers your injuries, the pain and suffering they cause you, and loss of amenity. Essentially, this just means the ways your injuries have affected your life. All successful claimants will receive compensation under this heading.

It’s important to remember that you can’t make a claim for loss of earnings alone. Whether you’re making a road traffic accident claim, an accident at work claim, or a public liability claim, you need to have suffered a mental or physical injury, and this injury is what led to your reduced earnings.

To find out if you could be eligible to make a compensation claim, keep reading. Or, get in touch with our team to start your free evaluation today and find out if one of the personal injury solicitors from our experienced and friendly panel could help you.

A loss of earnings compensation calculator

Can I Claim For Loss of Earnings?

In the previous section, we mentioned that you need to have suffered an injury in order to make a claim. This is because you need to establish that negligence occurred.

In terms of personal injury law, negligence basically means that:

  • Someone owed you a duty of care.
  • They breached this duty.
  • You were injured as a result of this breach.

Different people can owe you a different duty of care at different times. For example, your employer owes a duty of care to their employees while they’re carrying out work duties. The terms of this duty are outlined in the Health and Safety at Work etc. Act 1974 (HASAWA), which basically states that they need to do all that they can to keep you safe and prevent workplace injuries while doing your job.

Another example of when you could be owed a duty of care is when you’re in a public place, like a park or gym. In these cases, the person in control of that space owes you a duty of care, essentially meaning that they need to take every reasonable step to keep you safe while on the premises. This is outlined in the Occupiers’ Liability Act 1957 (OLA).

Additionally, everyone who uses the roads owes a duty of care to use said roads responsibly to avoid an accident from occurring. They also need to adhere to the regulations and rules within the Road Traffic Act 1988 and the Highway Code.

If you suffered an injury in any of these situations, and these injuries caused you to experience a loss of earnings, you could be able to claim compensation for them as part of your personal injury claim.

Keep reading for more information on using a loss of earnings compensation calculator. You can also contact our team today to discuss your case.

Contact Us For Free To See If You Can Claim For Loss of Earnings

A compensation calculator can be useful, but talking to a legal professional can be much more beneficial. When you choose to make a claim with a specialist solicitor, they can use their years of expertise to talk to you about your potential compensation and make sure that all aspects of your lost earnings are considered– earnings, bonuses, pension contributions, and more.

Plus, when you work with a personal injury solicitor from our panel, they could offer their services to you under a Conditional Fee Agreement (CFA). This is a kind of No Win No Fee agreement that means you get access to all of their services without paying for them:

  • Upfront.
  • As the claim continues.
  • At all if the claim fails.

You’ll only need to pay a success fee to your solicitor if the claim succeeds. This fee is taken from the compensation awarded to you as a legally limited percentage. Working with a solicitor can be very beneficial and can make the claims process feel much less stressful and less complex, and our panel our here to help.

Get in touch to find out how we can help you by:

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Useful Resources About Personal Injury Claims

To learn more about personal injury claims:

And to access further helpful resources:

Thank you for reading our guide on using a loss of earnings compensation calculator. If you have expereinced reduced earnings after taking time off work for an injury you suffered, contact our team to see if you could make a personal injury claim.