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Income Replacement Benefits – Employee

Our firm was retained by an insurance company to prepare a calculation of income replacement benefits owing under the Statutory Accident Benefits Schedule as a result of a motor vehicle accident (“MVA”).

Our role was to quantify the income replacement benefits owing to the claimant as a result of being off work following the MVA. Our responsibilities included identifying and requesting the relevant accounting documents (claimant’s tax returns, paystubs, bank statements), determining income earned in the 4 and 52 weeks prior to the MVA as well as the period following the MVA, consideration of long term disability benefits received as a result of the MVA, comparing the pre-loss weekly income to the post loss weekly income and applying the appropriate legislated rate to determine the economic impact to the claimant. We prepared an expert report in which we quantified the claimant’s losses.

 

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