Settlement of a workers’ compensation claim is payment of the insurance company’s future exposure. The past benefits do not figure into settlement since these have been paid.
Here we will discuss what an insurance company looks at when settling a case in which medical expenses are being paid and weekly benefits are being paid.
Once the above amounts have been calculated, the insurance company will want you to accept less than the full amount.
The insurance company will always estimate the least it will have to pay to try to get the case for as little as possible. A competent lawyer will develop the case to show what injuries may have not been treated, but need treatment, whether what you are being paid each week is a correct amount, whether the case may become catastrophic, and how long benefits will continue. By pushing up what the insurance company may need to pay in the future, the amount paid today will be higher.
Hilley & Frieder can handle all aspects of you case virtually from interview through conclusion. We are open and available to help you. Please view our complete COVID-19 statement to learn more about the steps we are taking to ensure that your case continues to move smoothly in this environment.