Any worker who is working and gets injured on the job is open to filing a workers compensation claim and trust me, when this happens, the worker is open to a lot of options. There are some cases in which the employee would hold negotiations with the injured worker and also his insurance company to help with covering up for the medical bills and also a good percentage of lost wages. This article is here to talk to our readers about the average workers comp settlement California plan so stick with us and continue reading this post.
Furthermore, in so many workers comp settlement cases that we have heard or seen, they all end up in the employee paying a lump sum payment or what we all call a settlement payment and this also happens more especially if the accident involves serious injuries to the worker. There are two possibilities when it comes to a workers comp settlement in California and they involve a compromise and release as well as stipulating finding and award.
Average Workers Comp Settlement California
Finding and award refers to the a judges final decision about a particular case and when it comes to a situation involving a workers compensation, stipulated finding and award refers to a settlement which both parties come together on their own without the decision of the judge. It is up to any doctor to determine the extent of injuries suffered in any accident or the extent of disability and this doctor is also tasked with providing how much should be paid as settlement. This is very beneficial because it can get reopened in the future if the need be.
In the case of compromise and release, this is the kind of settlement where an injured person is provided with a lump sum versus payments which is paid over time and then the case gets closed entirely. The amount that an injured person would get to receive over in this picture is usually greater than the amount paid through disability payments but this is simply because the main reason of paying such amount is to cover up for future medical bills. Therefore if any extra health care bill comes up then you and your insurance carrier would handle it.
This is simply because a compromise and release settlement option does not permit reopening of cases once it has been closed. If you would prefer covering up for future medical bills on your own then the compromise and release option is simply what you should go for if you are a worker that suffered injuries while working.
How Much Does Workers Comp Settlement Involve?
This question is one that is almost impossible to answer because the amount that would be paid to any worker who suffers injury at work would be dependent on how severe the injury is and also the type of injury that has been suffered. However, bearing this information in mind, studies have also revealed that most settlements for workers have found to be in the range of two thousand dollars to twenty thousand dollars. Based on recent statistics, the points below tells us a 2015 study on workers compensation settlements and awards;
About twelve percent of injured workers didn’t get up to two thousand dollars
About fifty five percent of workers were able to get between two thousand and twenty thousand dollars
Thirteen percent of workers were able to get between two thousand and one dollars and forty thousand dollars
About twelve percent of workers were able to get between forty thousand dollars and sixty thousand dollars
And lastly, eight percent of injured workers were able to get between sixty thousand dollars and one hundred thousand dollars
However, there are still some factors that can help in influencing the total amount an inured worker would be able to get as compensation. Some of these factors include if the worker decides to even file for an appeal that would make him seek more benefits, whether negotiations are conducted or not and the injured workers legal representation quality. One advice we would want to leave you with is that before making any decision, ensure that you seek legal counsel and advice from an attorney.
This is because attorneys have great knowledge and can also help you in making the best decision. This is why they are beneficial in times like this.
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