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4-8 Weeks is a General Guideline for Workers' Compensation Settlements. Generally, it will take 4-8 weeks from the time the agreement is reached until there is money in your hands. Once the settlement is reached, the employers' attorney will need to draft the settlement contracts.
The average amount of time it can to settle a workers' compensation case is about 15.7 months. Employees injured during work are entitled to workers' comp benefits. Workers' compensation claims typically cover medical expense coverage, a part of missed wages, and temporary disability payments.
Some of the most common delays in getting your lump sum settlement or taking your workers' compensation case to hearing include: Problems getting in to see medical professionals to provide an opinion about your injuries. A required waiting period of seven days from the date of the injury under Georgia law.
Typical Workers Comp Settlement Amounts According to an intensive study, the average settlement or award was $21,800. The majority of workers (68%) received between $2000 and $40,000. As you can see, there is a tremendous different between $2000 and $40,000.
If it is the Primary Treating Physician that found you at Maximum Medical Improvement (we say MMI now. P&S is no more), and your attorney agrees with that Treating Physician's findings -- and those findings address ALL the claimed injuries -- then expect your attorney to suggest a settlement demand about 6 weeks after
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.)
Some of the most common delays in getting your lump sum settlement or taking your workers' compensation case to hearing include: Problems getting in to see medical professionals to provide an opinion about your injuries. Waiting periods to get your case heard in front of a judge.
Average Duration of a Workers' Compensation Case According to the results of our survey, it took an average of 15.7 months for our readers to resolve their workers' compensation cases either through a voluntary settlement with the workers' comp insurance company or after a workers' compensation hearing with a judge.
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