Workers’ Compensation Settlements in Detroit, MI
All workers suffering injuries resulting from work-related duties and tasks have the right to receive medical and vocational benefits with continued wages until the time the claim settles. A settled claim can mean the injured employee has completed treatment or therapy and has returned to work. In some cases, a claim can settle after a negotiated settlement agreement. Workers’ Compensation Settlements are voluntary as to each side. An employer does not have to offer a settlement, and the employee does not have to accept the solution.
When Workers’ Compensation Settlements are considered, knowledge of what the injured worker is entitled must be clear. There are many definitions of disability, and the employer and the insurance company must agree on the claim for the disability type to which a settlement is sought. If injuries are minor and the worker is seeking payment of medical bills, the employer, or the insurance company, may offer a lump-sum settlement for the medical bills in exchange for no further reimbursement or other benefits under the claim.
Types of Settlements
There are two types of settlements: lump-sum and structured. A lump-sum settlement is one payment, one time, in exchange for no further benefits under the claim. A structured settlement is a payment by installments over time with the same forfeiture of rights and benefits under the claim.
Accepting a Settlement
When you and your attorney are contemplating the acceptance of a Workers’ Compensation Settlement, it will be important to consider your future financial and medical situations and not only the circumstances of today. A settlement agreement removes the risk of uncertainty of litigation where a judge could rule in favor of the employer and insurance company.
The advice and counsel of a law firm specializing in workers’ compensation claims is highly advisable in the complex process of workers’ compensation law.
The attorneys at The Law Offices of Charters, Tyler, Zack & Schearer, P. C. have dedicated their careers to fighting for the rights of injured employees. Let our team of experienced attorneys fight for you, too. Call us today. We will help you understand your rights and help you protect them.