A personal injury or medical negligence can result in a loss of earnings for the injured party. RS Forensic is experienced in quantifying loss of earnings claims where the injured party is a self-employed individual or business owner and hence the loss of earnings results from reduced profits in the underlying business.

There may also be a loss of pension for the injured party. We have experience of  quantifying loss of pension claims in respect of defined benefit, money purchase and state pension schemes. The introduction of auto-enrolment pension legislation means that many  employed claimants who may not have previously been enrolled in their employer’s pension scheme would now be entitled to benefit from a minimum level of pension contributions.

We act in an advisory capacity or as an independent expert witness and work for both claimants and defendants. This enables us to provide balanced and well considered advice. We are regularly instructed by claimants to review and comment on the defendant’s assessment of the quantum of a loss of earnings claim.

Whether we act for the claimant or defendant, we endeavour to understand the nature of the claimant’s business rather than simply looking at the numbers. This is important in fully understanding the amounts that would have been earned by the claimant but for their injury or the medical negligence.

Where a business has failed as a result of a personal injury or medical negligence, it may be appropriate to quantify the loss of earnings claim with reference to the value of the claimant’s  business. We are experienced in business valuations and can assist with loss of earnings claims in such circumstances.

We also assist with quantification of losses associated with fatal accidents and loss of dependency claims.

Forensic accounting team

Typically instructed to provide independent and objective expert witness and advisory services in relation to matters involving owner-managed SME businesses.

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Forensic cases

Losses of earnings following RTA

Instructed to review and comment on an expert report assessing the claimant's loss of earnings following a car accident. In order to assist with negotiations with the defendant's insurance company, we prepared alternative calculations of the claimant's loss of earnings. The case was complicated by the fact that the claimant provided services exclusively to a family business which had recently ceased a previous trade and was in the middle of a three-year development project to open a children's adventure farm. Following our work the claimant accepted an offer made by the insurer.

Loss following professional negligence

Preparing calculations of the losses suffered by the owners and operators of a dry cleaning business as a result of the alleged professional negligence of a hospital in relation to the care of the husband, which left him unable to work.

Loss of dependency / fatal accident

Instructed by the claimant to review and comment on an expert report assessing the loss of dependency arising from the death of his wife, with whom the claimant ran a photography business. Our work was used in negotiations with the defendant, following which the claimant achieved a settlement significantly better than that initially proposed.

Forensic accounting testimonials

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