Business losses as a result of a Personal Injury*
Normally a Personal Injury claim will cover loss of income. However, for those who are in business a Personal Injury claim may also include potentially a loss of business profits.
This will namely impact on those who are self-employed and who are unable to work or their work is significantly restricted.
The claims may include claims for
- Rental payments;
- Lease payments;
- Insurance costs; and
- Loss of profits.
For those who are self-employed an accident does not just result in a loss if income. Those who are self-employed will also have associated costs with running their business and if they are unable to run the business because of an injury which has been sustained in an accident these then are all potential additional losses which may be claimed as part of a Personal Injury Claim.
While a self-employed individual is out ill due to an accident the costs associated with running their business and their premises will still continue to have to be paid and if they cannot work then this is a cost and a loss to them.
Even where an individual is able to continue working, but to a significantly reduced level, part of these costs still can be claimed as part of a Personal Injury claim.
If it very important for an individual who has suffered a Personal Injury to obtain appropriate legal advice to make sure that all losses are claimed as part of any Personal Injury action.
*Before acting or refraining from acting on anything in this guide, legal advice should be sought from a solicitor.
*In contentious cases a solicitor may not charge fees or expenses as a proportion or percentage of any award or settlement.