The three most important things to remember about a workers’ compensation settlement are:

 

  1. Settlements are voluntary. No one can force you to settle your case for an amount you don’t agree with.
  2. Most settlements will stop the payment of compensation and medical payments in exchange for a lump sum of money.
  3. In Ohio, if the employer is not self-insured and the claim is older than five years, it is not necessary to have an agreement from the employer to settle. In those cases, the injured worker can settle directly with the BWC and the employer cannot stop the settlement.

Many injured workers call me and want to know how long it takes to settle a case and how much their case is worth.

The value of a workers’ compensation case depends on how serious the injury was and how much compensation and medical bills were already paid. A settlement is based on how much compensation will be paid in the future, not how much has already been paid.

A serious injury involving surgery or other significant treatment will be worth more than an injury with sprains and strains of muscles.

This leads to the big question: How long will it take?

On average, once medical treatment has ended, a settlement can be reached in as little as two or three months so long as the parties can agree on an amount.

An attorney can evaluate your case at no cost to you. The attorney must review the medical records and reports to form an intelligent opinion on any case.

If you are not receiving ongoing medical treatment or compensation, waiting to settle your case may lead to a smaller settlement. Therefore, it is important to contact an attorney as soon as possible to discuss a settlement.

 

Related Workers Comp Articles
Can Workers’ Comp Benefits Be Garnished for Child Support?

Can Workers’ Comp Benefits Be Garnished for Child Support?

When you get injured on the job, workers’ compensation benefits can cover your medical bills and replace some of your lost wages. This system gives workers the time and financial support to recover from their injuries and return to the workforce. However, workers’...

How long does it take to settle a Workers’ Comp claim?

How long does it take to settle a Workers’ Comp claim?

Cases involving workers' compensation can occasionally be resolved quickly (within a few weeks or months), but most can take years to settle. On average, a workers' compensation case will be settled within 16 months. A resolution could lead to a court hearing or a...

Workers’ Compensation Frequently Asked Questions

Workers’ Compensation Frequently Asked Questions

In this article, we’ll answer some of the questions that we hear most often. 1. What is a workers’ comp injury? “An injury whether caused by external or accidental means or accidental in character and result received in the course of and arising out of the employee's...

Share This