What is a "Wage Loss Claim"?

A "Wage Loss Claim" refers specifically to a claim filed for lost income as a direct result of an injury or event that affects an individual's ability to work. When someone suffers a personal injury, whether from an accident or other unforeseen circumstances, they may find themselves unable to perform their job responsibilities, leading to a decrease in earnings.

This type of claim typically requires documentation, such as pay stubs, tax returns, and medical records that support the individual’s assertion that their earning capacity has been impaired due to the incident. The goal of a wage loss claim is to provide compensation for the income that could have been earned during the period of recovery or inability to work, ensuring that the injured party is not financially burdened due to circumstances beyond their control.

Understanding this aspect is crucial for both adjusters and policyholders when navigating claims related to personal injury and loss of income.