Reasonable Range of Figures for Settlement of your Comp Claim

Posted on Wednesday, August 12th, 2015 at 10:57 am    

The total projected sum that is the maximum payout of all the figures that you could possibly be entitled to will not be the amount of settlement. Because it is projected into the future, several other factors have to be considered to determine the potential settlement range of figures. They are as follows:

  • How much risk the insurance carrier thinks that it will have to pay all of these projected medical bills
  • The severity of the worker’s physical restrictions from the work injury
  • The worker’s educational and vocational experience—will the worker need retraining?
  • The worker’s family income from other sources, and financial circumstances.
  • Whether the Worker has other health problems that may shorten his life expectancy.
  • The worker’s age—given his or her restrictions, what is the likelihood that he or she would be accepted back into the work force?
  • If the worker is under restrictions, and is not under a Virginia Open Award, has he or she made a reasonable effort to find work within those restrictions?

Contact North Carolina Injured Worker Lawyer Joe Miller to Properly Settle Your Claim

This is just a partial list of all the factors that go into valuing a claim. Before you settle a North Carolina or Virginia worker’s compensation claim, you need to speak with an experienced injured law attorney. Once you settle, you will not be able to ask for additional sums. You may be ineligible for other benefits like Medicare payments for medical bills if you don’t complete the right forms or protect yourself. Believe me, the insurance carrier is not going to inform you about your rights. Joe Miller Esq. has helped thousands of personal injury and injured worker claimants get the right results. Contact Joe Miller Law at 888-694-1671 to schedule an appointment. You can also fill out the online form or email me at jmiller@joemillerinjurylaw.com