What if I choose to settle?
Settlement is where you receive a lump-sum of money, tax-free, in your pocket in exchange for closing out your work comp case, meaning no more medical care or lost wages paid for or provided by the insurance company. Another caveat of settling is that you would have to separate from and agree to never work again for the employer where you got hurt. Your case’s worth is based on the value of future lost wages and medical care, and we’d, typically, settle for between 40%-60% of that value. Settling is not mandatory, and no judge could ever force you to settle, unless you’ve already signed settlement documents and there is no valid reason for overriding that agreement.
Settlement is where you receive a lump-sum of money, tax-free, in your pocket in exchange for closing out your work comp case, meaning no more medical care or lost wages paid for or provided by the insurance company. Another caveat of settling is that you would have to separate from and agree to never work again for the employer where you got hurt. Your case’s worth is based on the value of future lost wages and medical care, and we’d, typically, settle for between 40%-60% of that value. Settling is not mandatory, and no judge could ever force you to settle, unless you’ve already signed settlement documents and there is no valid reason for overriding that agreement.
