Worker Compensation Settlement

If you are an injured worker who has decided to accept a workers' compensation settlement rather than taking your claim through multiple rounds of adjudication and appeals, it is very important that you consider all of the possible outcomes of your decision before finalizing the agreement. Legal experts advise exhausting all of your other options before agreeing to a worker compensation settlement. For example, you may wish to pursue a second medical opinion on your health status if your company's chosen physician has issued a report on your treatment that seems incorrect to you. If you have considered all of your options and still feel that a settlement may be your best bet, it may be advantageous to consult with an experienced workers' compensation attorney before making a final decision. That way, you can be confident that the dollar amount offered by the insurance company is in line with the value of your claim.

Fast Facts

  • In most states, you have up to one year to file a workers' compensation claim if your employer's insurance company denied coverage of your injury.
  • If you did receive insurance coverage from your employer's policy, you may have as many as five years in which to file an additional workers' compensation claim.

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