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How do I settle my workers comp case?
If you're a California injured worker, you have two main options in settling your case when the time is right. You can either settle by a Stipulated Award (Ships) or by Compromise and Release (C&R). There are upsides and downsides to each, but you should know your options.
What happens after I settle my workers comp case?
In some cases, the insurance company will agree to pay for any future medical expenses that come up after you settle. More often, however, it will insist on a full and final release of all claims, including the right to future medical care.
What is the average settlement for workers compensation?
How Much Did Workers Receive as a Settlement or Award? The average compensation received by workers for their injuries was $21,800. At the extreme ends of the scale, 12% of workers received less than $2,000, while only 8% of workers received between $60,000 and $100,000.
Should I settle my workers comp case?
There are several potential advantages to settling your workers' comp case, including: In that case, you may want to agree to a settlement that's based on a disability rating somewhere in the middle. You can agree to a lump-sum settlement rather than weekly payments as part of a permanent disability award.
How long until I get my workers comp settlement check?
Generally, it should take a week or two to get the settlement agreement to your attorney from the other side. When everyone has signed, your settlement must be approved by a Workers' Compensation judge, which can take up to two weeks. Once it is approved, an insurance company has up to 30 days to mail your check.
Why does workers comp want to settle?
You do not have to settle your case. But, you way want to explore settlement. Insurance companies pay money in settlement when they believe that your case will cost them a lot in the future. That means they would have to pay a lot of workers compensation benefits if your case stayed open.
When should you settle a workers comp case?
Before considering a settlement offer, you should at least wait until your medical condition has stabilized (a stage called maximum medical improvement or “permanent and stationary”). Until then, you won't know how much your case is worth.
What happens after you settle a workers comp case?
In most states, a settlement with a full and final release means that you're giving up the right to bring any future claims having to do with your injury. (Workers' comp may cover injuries and illnesses that aggravate or “light up” a pre-existing condition, as long as the new injury is work-related.)
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