Workers’ compensation provides wage replacement and medical care benefits to workers who are injured on the job. Most of the time, these benefits are provided on a week-by-week basis until the injured worker is physically capable of returning to work. But most states also allow workers’ comp cases to end in a settlement. This option is more common for permanent disability claims.
Accepting a workers’ compensation settlement in place of ongoing weekly benefits is a big decision. Once you accept a settlement, you may not be able to renegotiate your benefits, so you need to make sure the settlement is in your best interest. Sometimes, insurance companies offer a settlement because they think it will save them money in the long run. The workers’ compensation lawyers at Morgan & Morgan can help with the settlement process and make sure you receive a fair amount.