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.
Typically instructed to provide independent and objective expert witness and advisory services in relation to matters involving owner-managed SME businesses.
Losses of earnings following RTA
Loss following professional negligence
Loss of dependency / fatal accident