Proof of 'Income'

DC2872

Hi Everybody,

I'm looking for some advice re. a claim against another driver's insurance.

A few months ago I was in an accident and the other driver's insurance admitted liability quite quickly. They sorted a replacement car etc and repaired my car quickly and to a good standard - so no issues there. I'm also dealing directly with them re. a claim for injury and lost earnings (I'm aware that I need to be careful not to be pressured into a low settlement etc - again, to their credit they've been efficient and fair in all of their dealings to date).

My question is around evidencing lost earnings. I run my own business and it's a limited company (I do property inventories for private landlords and agents etc). I've been trading in this way for a year and take my 'income' as drawings and these can, by definition be variable. Also, the business is just me, so for the week I was laid up, I was missing out on instructions from clients The other drivers insurance company has asked me to 'evidence my losses' but I'm a bit stumped on how to go about it to be honest.

Any helpers?

HappyMJ

DC2872 wrote: »

Hi Everybody,

I'm looking for some advice re. a claim against another driver's insurance.

A few months ago I was in an accident and the other driver's insurance admitted liability quite quickly. They sorted a replacement car etc and repaired my car quickly and to a good standard - so no issues there. I'm also dealing directly with them re. a claim for injury and lost earnings (I'm aware that I need to be careful not to be pressured into a low settlement etc - again, to their credit they've been efficient and fair in all of their dealings to date).

My question is around evidencing lost earnings. I run my own business and it's a limited company (I do property inventories for private landlords and agents etc). I've been trading in this way for a year and take my 'income' as drawings and these can, by definition be variable. Also, the business is just me, so for the week I was laid up, I was missing out on instructions from clients The other drivers insurance company has asked me to 'evidence my losses' but I'm a bit stumped on how to go about it to be honest.

Any helpers?

Letters from your clients can be useful if they are willing to co-operate.

If they could write that during the period x to x the work that you would normally have done and could have done during the period was reallocated to company y then that would be really helpful.

Quentin

Presumably you know what you are doing if you are dealing directly (without legal representation)


You say you take your income in drawings, yet you sound like an employee of a limited company?


Maybe you need get some advice from your accountant on how to prove loss of income.