Brown v. Home Owners Insurance Company
Michigan Court of Appeals says No-Fault wage loss benefits cover both wages and S corporation profits
Case impact: No-Fault wage loss benefits calculations must take into account the auto accident victim’s pre-accident wages and the pre-accident profits he received from the S corporation he owned, as lost wages are based on “loss of income.” Thus, whole income must be considered, not just wages (2012).
For more information, read our blog on Brown v. Home Owners Insurance: Michigan No-Fault wage loss benefits cover both wages and S corporation benefits.
Here’s the official Michigan Court of Appeals opinion on Brown v. Home Owners Insurance Company.