Workers comp settlements help cover the cost for your medical bills and lost wages if you are injured on your job and incur a disability because of it. The amount you are compensated can vary according to the nature of your injuries. The amount of your settlement can directly impact your standard of living, so it is important not to simply settle for whatever the insurance company offers. You want to make sure that you get every penny you deserve. The following article will offer some suggestions for how to increase your workers compensation settlement.
Know Your Entitlements
The old adage “knowledge is power” is certainly true when it comes to getting a fair workers comp settlement. If you don’t know what you are entitled to, how will you be able to ensure that you receive it? Here are the main provisions within a workers’ comp settlement:
Permanent Partial Disability
If you sustained a work-related injury or illness that causes you to have some sort of permanent impairment, then you may be eligible for this kind of provision in a workers comp settlement. If you have an injury that leaves you with a physical impairment rating then you can be compensated based on that rating.
Permanent Total Disability
Similarly, if a work related illness or injury causes you to incur a disability that completely bars you from working, then you may be eligible for compensation under this provision of a workers comp settlement. This type of case is particularly complicated and requires extra attention. It is definitely not a good idea to file for compensation under this provision without some sort of legal entity to guide you.
You also want to include provisions for covering your medical treatment. No matter how insignificant you think your injuries are, the medical bills to treat such injuries could end up costing you a pretty penny. This is particularly problematic if your illness or injuries render you unable to work for any period of time.
Insurance companies need documentation to justify whatever settlement they are agreeing to. One of the most important things you can do to improve your chances of increasing your workers comp settlement is to have adequate and well organized documentation as evidence for the injuries you sustained and how they will impact your ability to work. It is difficult for an insurance company to deny your claim if you have “all your ducks in a row.” This can be a very time-consuming process that involves much research. However, it will prove worth it in the end.
Structure the Terms
Lastly, you need to ensure that the wording of the terms in the settlement agreement is to your liking. Unclear or limiting language may prevent you from accessing such benefits as Social Security disability or from getting the level of medical treatment that you need.
Sifting through all of the documentation you’ll need an organizing it in a way that puts forth a good case for why you should receive a higher workers comp settlement is not an easy task. Trying to do such a difficult task yourself may only cause you undue stress in the midst of an already stressful situation. It is best to leave this work to a professional who deals with this type of situation everyday and has already helped many people get their rightful compensation. If you are dealing with a workers comp claim, don’t fold to the insurance company or struggle on your own. Contact the offices of Edwards & Kautz, and let us put our experience to work for you.