Accident settlement question

Givemewisdom wrote: ↑ Hi! I was in an accident in 2016, i was rear ended on the highway (Highway 427). my car was deemed a write off.

I had a concussion, migranes and now chronic neck pain that makes a lot of activities, including driving very difficult.

With my injuries, i was off work for 5 months.

I qualified for IRB and was classified under MIG.

My job required a lot of driving and unfortunately after returning to work, my performance went down.

i was given modified job duties with no driving and now my income was reduced - i am getting aproximately 20k/year less in earnings than before the accident.

my new income doesn't support my pre accident lifestyle, and i've had to make a lot of changes to accomodate my reduced take home pay.

i am wondering how a settlement for for lost wages, and loss of future earnings and is calculated in Ontario? Is there a particular multiplier the lawyers use to calculate this?

My lawyer is on vacation for 3 weeks so I'm hoping someone can answer in the meanwhile. thanks in advance.

Givemewisdom wrote: ↑ I didn't sign anything. I just want to know how future damages and lost wages are calculated.

Xtrema wrote: ↑ I've seen one case where a Dr in his late 30s were killed and surviving wife and kids got $2M.

$1M from at fault driver's insurance, guy had to sell his house to pay for the other $1M.

Consider a GP can make $180K/yr for another 30 years. $2M settlement is light.

daivey wrote: ↑ wow.

always go for 2 million liability. It costs literally $20 more per year.
I'd go for $10 million liability if they offered it. you never know.
specially in a big city, with high income earners. crazy shit.