In many cases, workers' compensation claims that are initially denied by the insurance company wind up on a waiting list for a hearing in front of the state's appeals board. However, rather than wait weeks or months for the determination to be handed down from the state, some injured workers make the decision to accelerate the pace of the situation by seeking a settlement with the insurance company. Although those injured workers who chose to settle may receive slightly reduced benefits, the time, effort, and resources that can be saved using this method are often preferable. To receive a favorable workers' compensation settlement, it is important to have all of your information organized and ready to present to the insurance representative. In addition, it may be beneficial to brush up on the basics of negotiating before you enter the final stage of the process. Finally, if you feel ill-equipped to handle the negotiations on your own, consider working with a qualified workers' compensation attorney.