For some employees going through the legal process of a workers’ comp case, there comes a time when they must consider accepting a workers’ comp first settlement offer. Each case is different, so your attorney would be one of the best sources of advice. However, a general rule is, accepting a settlement can be a good decision if you are sure that you will receive fair remuneration that meets all of your needs.
The overall process is that once it has been proven that your injury or illness is work-related, your employer and workers’ compensation provider will offer a settlement. Here are some situations where it makes sense to accept it sooner than later:
Poor Prognosis
If there is a low chance of recovery, and you do not have many years to live, it might be better to accept a fair settlement and move on. This will allow you to spend your remaining time with family and friends without the stress or worry of going through with the case.
Opting To Focus on Recovery
It could be as simple as wanting to move on, put the legal process behind you, and focus on your recovery. This is perfectly understandable.
Returning to the Same Job
Accepting a settlement might be better if you can go back to your role and perform the same tasks after doing so. This way, you receive regular compensation instead of waiting for a better settlement.
Extensive Rehabilitation
For some individuals needing extensive rehab, accepting a fair settlement and focusing on getting back in shape is easier. You can always rely on your lawyer to help you handle the case while you undergo rehabilitation.
Diminished Work Capacity
If you now have limited work capacity due to your injury or illness, you should ensure that you receive a settlement to compensate for your lost work ability. Discuss with your lawyer if accepting the workers’ comp first settlement offer is the appropriate timing based on your specific situation.
Debt or Required Payment Due to Medical Expenses
Lawyers will advise you against accepting a settlement if you have mounting medical expenses and if you are likely to be a surgical candidate to ensure that your employer will cover all costs. However, if you already need to pay some of these expenses, including loans incurred, you might be left with no choice but to settle.
Turn to Attorney Ted Williams for Legal Representation
If you are still unsure whether it’s time to accept a settlement, schedule a consultation with Ted Williams, an experienced workers’ comp lawyer in Baton Rouge, Louisiana. Our law firm specializes in work-related and personal injury claims.