Loss Of Earnings Claims
We can assist as your expert adviser, as an expert witness or as a single joint expert.
We can assist in calculating quantum for both employed individuals (ie those employed under PAYE) and self-employed individuals.
We prepare calculations and expert witness reports for both claimants and defendants.
Employed individuals
Our experience is utilised in preparing reports on loss of earnings, which can include:
- Dealing with inflationary, incremental or promotional increases up to the date of trial.
- Identifying the level of overtime, bonus and other allowances that were achieved in the pre-accident period in order to apply these figures to the expected basic pay post-accident.
- Identifying all benefits received prior to the accident and quantifying any post accident loss suffered from these benefits.
- Deducting appropriate amounts each tax year for Income Tax, National Insurance and superannuation contributions.
- Identifying an appropriate multiplicand for the future loss of earnings claim after considering options for mitigation and suggesting an appropriate judicial multiplier based on the appropriate Ogden tables (adjusted for contingencies).
- In cases where there are promotion prospects after the assumed date of trial, we advise on the appropriate multiplicand at each level and we show the appropriate split of the judicial multiplier using arithmetical tables.
We prepare a detailed report ensuring the language is easy to understand and we keep the detailed figure work in the appendices to the report. Our reports on loss of earnings provide all the information that you will require to insert in the Schedule of Special Damage and Future Loss. Self-employed individuals
For self-employed individuals we carry out the following work:
- A forensic analysis of the profit achieved by the self-employed person pre-accident.
- A combination of our review of past trading history with our own experience of how similar self-employed individuals have faired since the date of the accident to provide accurate and independent projections of the expected profit but for the accident or incident.
- We tabulate the pre-accident trading history and use graphical illustrations, including trend line analysis, wherever possible.
For further details see the following sections:
- Reasons why HSC should assist in claims for employed individuals, including the benefits to the client and the benefits to the solicitor.
- The details that you need to consider for self-employed claimants.
Our expertise in providing reports on loss of profit can also be utilised for any company of any size that has suffered a loss of profit as a result of a breach of contract, professional negligence, fire, flood or any other incident which leads to a claim for loss of profit.
Please contact us for initial advice or a quote without any obligation.
