Workers Comp Settlement: What You Should Know
If you’ve been injured on the job, you may be worried about whether or not you’ll qualify for a workers comp settlement to help cover any expenses or wage losses you might experience because of your injury. You may be fearful that if you don’t receive a settlement, you won’t be able to pay your medical bills or keep paying bills if you can’t go back to work for a while. Trying to figure all of this out on your own is nearly impossible, which is why it may be helpful to locate a workers compensation attorney Orlando locals trust the most. If you’re in the Orlando area, Payer Law is the firm you need to contact. With their extensive experience, they can help you go over your case and figure out what your options are.
What You Need to Know About A Workers Comp Settlement
Most people who sustain injuries at work end up getting a settlement, however, the term settlement is often entirely different than what most people expect or think. So the first step in making a plan is to sit down with a workers compensation attorney Orlando natives trust to help you understand what exactly and settlement is and how it will impact you.
First of all, settling a workers’ comp case is entirely different than settling any other type of case. For example, in a car accident case if you’re injured, you would go to trial with a jury present to get a decision. Once a decision is made you would be awarded in a lump sum. However, when it comes to workers’ comp cases, this isn’t how they work. Neither a judge or jury would award you in a lump sum for the entire value of your case. The only way to receive this would be to agree to a settlement with the compensation insurance company.
A settlement has to be an agreement between the two parties involved in the case. Both parties need to agree voluntary for it to work as well. It’s impossible to force an insurance company to settle if they think they have a chance of not paying by going to court. What it means when you settle with a workers’ compensation insurance company is that you agree to “sell” them the comp benefits you may get in the future in exchange for them paying you a certain amount of money.
You can decide to settle your case at any time during the workers’ comp process, but you cannot change your mind once your settlement is agreed upon and approved. This means you want to make sure you fully understand what you agree to before signing any papers. In order to do this, you want to understand the future benefits you could be entitled to and are giving up by settling.
- Temporary Total Disability: These are the benefits you are owed when you are out of work due to your injuries.
- Medical Benefits: The insurance company is responsible for paying any medical bills you acquire because of the treatment you need for your injury.
- Permanent Partial Disability: These benefits are paid to you by the insurance company if your doctor says you will have a permanent impairment due to your injury.
Payer Law is the workers’ compensation attorney Orlando natives trust. We are here to help with all workers comp settlement cases in the Orlando area. We assist our clients after an accident to ensure that they don’t suffer any more than they already have. Call or visit us today to have a free consultation!