Michigan workers comp lawyer explains the pros and cons of settlement and how to get the most money for your case.
The hardest decision to make in a workers comp case is whether to settle or proceed to trial. Your workers comp lawyer can make certain recommendations but it is always up to you to make the final decision.
The major benefit to settlement is that you receive a lump sum payment instead of weekly checks. This allows you to do your own medical treatment or vocational rehabilitation without interference from the insurance company. You may also want to move on with your life or simply find a new job.
The amount of your settlement will depend upon several factors including your age, the extent of your injury, and the cost of future medical care. Other important factors include how much you earned in the past and your ability to find work within your restrictions.
Don’t rely upon stories from friends or relatives about how much they got for their settlements. Every workers comp case is different and must be evaluated on its own merits.
How workers comp settlements are calculated in Michigan
Here are some guidelines that you should know about. You are entitled to wage loss, medical treatment, and vocational rehabilitation under workers comp. Your settlement will depend upon how much the insurance company anticipates paying for these benefits.
Workers comp settlements are usually calculated by taking your weekly wage loss benefit and multiplying that number by 52. This gives you an estimate of how much the insurance company will have to pay per year.
The value of a workers comp settlement can also be increased if you can show that you need additional medical treatment. Remember that all medical treatment must be reasonable and necessary for your work injury.
Generally, an insurance company will not pay more than five years of weekly benefits to settle a workers comp case. Insurance companies treat workers comp settlements like business decisions and at some point it is cheaper for them to take a chance on trial.
Some workers comp cases are stronger than others and it is important to recognize the issues in your particular case. If you can do another job or have little need for future medical care, your settlement will be worth less money.
What a workers comp lawyer can do for you
The best way to increase the value of your settlement is to hire a workers comp lawyer. Every workers comp case should be approached like its going to trial. This means preparing for medical depositions and hiring a vocational expert.
A workers comp lawyer can also help you understand the issues in your case and show you how to get the best recovery. A good lawyer will want to meet with you and review your medical records. Sometimes a settlement is not in your best interest.
To speak with one of our workers comp lawyers, call (855) 221-COMP for a free consultation. There is no fee unless workers comp benefits are recovered for you. We will fight to make sure that your legal rights are protected.
- Alex Berman is the founder of the law firm. Hes been representing injured and disabled workers exclusively for more than 35 years. Alex has helped countless people obtain workers compensation benefits and never charges a fee to evaluate a case.