Around 2.8 million nonfatal workplace injuries and illnesses occur every year. If you’ve found yourself as part of that number and are about to sign a workers’ comp settlement, there are some things that you need to think about first.
It’s important that your settlement covers all of the injury-related costs, that you know what you’re entitled to, and how long the process will be.
Check out these five questions to ask before signing a workers’ comp settlement.
1. How Long Will the Process Take?
It’s important to know how long of a process you’re in for, and insurance companies are notorious for dragging it out as long as possible and then rushing you to agree to a settlement.
A workers’ comp lawyer will be able to move the process along quickly while still ensuring that you get the settlement that you deserve. Once everyone has signed the settlement, a workers’ compensation judge still needs to approve it, which can take up to two weeks.
2. What Settlement am I Entitled to?
The amount of money that you’re entitled to as compensation for your workplace injury needs to cover unpaid medical bills, future treatments, overdue disability benefits, and lost wages.
Some of these costs have to be estimated and insurance companies aren’t typically very generous.
A workers’ comp attorney will be able to help you determine the settlement that you’re entitled to and ensure that you get it.
3. Will I Owe Anyone Part of My Settlement?
Your settlement offer should clearly state the fees that you’ll be responsible to pay from your settlement — such as medical fees.
What’s more, is that a workers’ comp lawyer usually charges on a contingency basis. This means you only have to pay them once you receive a settlement. So, it’s important that you know what their total fee is before signing a settlement agreement.
4. What Are My Options if My Claim is Denied?
If your workers’ comp claim is denied you need to know what other options are available to you. You’ll need to speak to a workers’ compensation lawyer to speak about the next steps.
You may need to file a new claim with the industrial commission and then take your claim to court.
5. Should I Reject the Settlement Offer and Fight for More?
It’s understandable that you’d want to get the most that you can out of your claim. Especially considering that there may be unexpected future costs that crop up because of your work injury.
An attorney will be able to advise you whether you are in a good position to reject the offer and fight for a bigger settlement.
Do You Feel Confident to Sign Your Workers’ Comp Settlement?
If you’re having any doubts or concerns about your workers’ comp settlement it’s important that you seek the advice of a workers’ comp attorney. Ensure that you’re getting the settlement that you need and deserve.
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