If you are unable to continue working at your job as a result of your collision, in most cases, you will be entitled to receive an Income Replacement Benefit (“IRB”) from your auto insurer.
An IRB is payable at 70% of your gross pre-accident income to a maximum of $400 per week.
If you purchased optional benefits on your auto policy before the collision, then you may be entitled to IRBs at $600, $800, or $1000 per week.
IRBs can be payable up to 2 years following your collision if you suffer from a substantial inability to engage in the essential tasks of your pre-collision employment. After two years, you may continue to be entitled to IRBs if you can prove that you are suffering from a complete inability to engage in any employment for which you are suited by education, training, and experience as a result of the collision. IRBs can be available to you up to age 65 if you continue to meet the eligibility criteria. After the age of 65, the benefit amount is reduced or payable on a gradual basis.
In addition to IRBs, you may have Short-Term Disability (“STD”) and/or Long-Term Disability (“LTD”) Benefits available to you through your employer. You may also qualify for Canada Pension Plan Disability (“CPPD”) Benefits if your injuries are long-term and of indefinite duration.
Have any questions or concerns about your motor vehicle accident? Call 905-522-9799 to arrange a free initial legal consultation with Findlay Personal Injury Lawyers. Our lawyers will work to ensure understanding of all of your options and advocate on your behalf for income replacement benefits. We proudly serve Hamilton, Brantford, Burlington, St. Catharines, Niagara Falls, Simcoe, and other areas of Ontario.
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Disclaimer: The information throughout this website is not intended to be taken as legal advice. The information provided by Findlay Personal Injury Lawyers is intended to provide general information regarding personal injury law, catastrophic injury cases, wrongful death claims, medical malpractice lawsuits, car accidents, truck accidents, motorcycle accidents, and more for residents of Hamilton, Burlington, Stoney Creek, Brantford, Niagara Falls, and nearby areas in Ontario. This website is not intended for viewing or usage by European Union citizens. If you are interested in learning more about our law firm, please contact us for a personal consultation.
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