NSW Compensation Lawyers Explain Settlements

After a workplace injury, you may be wondering whether you should take the large lump sum of upfront money, rather than getting involved with NSW compensation lawyers and a trial. However, if you take a settlement without first speaking to a specialist in personal injury law, you may be signing away several entitlements, and put yourself in a difficult situation.

Drawbacks of Settling Explained by NSW Compensation Lawyers

According to NSW compensation lawyers, settling means that:

You will no longer receive weekly benefits. Once you have received the settlement, you will never again receive weekly benefits for that specific injury. A settlement essentially concludes a case.

● You may have ongoing medical payments, depending on your state. However, in some states, insurers are allowed to terminate medical benefits once a worker's compensation settlement is reached. Sometimes, insurers are reluctant if they are expected to continue paying. They may not pay as fast, or at all, which means that you will have to file a claim with the workers' compensation agency in your state to force them to pay.

● Your state worker's compensation agency must approve the settlement. The proposed settlement has to be forwarded to the agency for approval. There will be a hearing and the hearing officer or judge will have to be satisfied with your voluntary agreement to the settlement and the fact that you understand the terms thereof, before the settlement will be approved.

Worker's compensation settlements are based on the amount of benefits you're entitled to in the future, and the likelihood of the benefits being awarded to you. Medical evidence is crucial, and will play a role in how long the state law will allow for you to receive the benefits. This is usually relevant in cases involving temporary total disability.

It is always best to speak to NSW compensation lawyers before agreeing to a settlement or if the company's insurer refuses to agree to your compensation claim. Specialists in personal injury law know how to calculate a settlement and how to negotiate with the various parties to ensure the best possible settlement on your behalf.

Sponsor Ads

• Ad Space Available - Rent it Now!

Report this Page

Created on Dec 31st 1969 18:00. Viewed 0 times.

Share on APSense

Comments