Knowing all the facts about workers compensation insurance after encountering an accident at work is essential to ensure you receive a fair settlement before you agree to anything. Additionally, it’s a good idea to be aware of this information in case a friend or loved one is involved in this scenario. Unfortunately, some companies may try to underpay a claim.
Therefore, you should consult the best workers compensation attorneys to inform you what a reasonable settlement sum might be and help you avoid being taken advantage of during discussions. After reviewing your situation, which may include visiting your employers website address, they will advise you on the possible outcomes when a judge is closing a workers comp case if you decide to proceed to court.
The attorneys are also better positioned to provide you with the accident fund claims phone number. An insurance company may compensate you for your rights to future benefits if you agree to give them up. Therefore, if there is a low likelihood that you will require surgery or tests, you can ask them to pay for those services in exchange for giving up the right to do so in the future.
If you’ve been hurt at work and are seeking to receive a share of workers compensation settlements, you’ll want to know the facts before you agree to sign on to anything. This is also good information to know just in case you should ever need it for a personal reason or if a loved one or friend goes through it. It never hurts to be prepared. You’ll want to know all possible personal injury outcomes, what law firms can help you the best, and what kind of personal injury protection is available for you. Knowing the terms of workers compensation settlements means you can keep yourself from being cheated in your negotiations.
What Do The Numbers Look Like?
With over 3 million workplace injuries that got reported in 2013, there were a significant number of workers compensation settlements that went through the court. A little under 230,000 of these injuries were due to slipping, tripping, or falling at work that year. If those incidents were due to unsafe work conditions, that would b e an excellent reason to seek out an injury attorney if you had to take significant time off work. Unfortunately, it’s very likely that a large company or corporation may try to underpay you, so you’ll want to research some recent cases and talk to your attorney to get a sense of what a good amount might be to accept.
What Types of Settlements Are Available to Choose From?
There are generally two main types of settlements–one is a lump sum settlement, which refers to when you receive one large sum of money as compensation one time from the insurance company. This sum would include your permanent disability payments and any medical care costs. The other common type of settlement is a weekly payment from the insurance company for as long as is appropriate.
Why Say Yes To Workers Compensation Settlements Right Off The Bat?
You’ll save some time and inconvenience by not having to wait to set up a hearing. You may also receive more money if you take what the insurance company is giving you; the judge in a hearing may hand down less money (unfair as that sounds). Additionally, if you agree to relinquish your rights to future benefits, the insurance company will pay you for those rights. So if there’s a low chance that you may need surgery or tests, you can ask the insurance company to give you the money for those procedures now and in return, you give up the right to ask them for the money later on down the line.
As a word to the wise (and social media active), it’s not advised to broadcast any frustration or rage or promises of backlash on social media. If for some reason, this should come up in court, the privacy settings available on social media like Facebook or Twitter won’t keep you from being required to turn your social media files over to the court.
It’s always good to consult your attorney before deciding to settle, but you’ll want to do your research thoroughly and consider all your options in these types of cases.