What Is the Average Workers’ Comp Settlement?
In the aftermath of a workplace injury or illness, workers’ compensation is vital to ensure you receive the comprehensive support needed for recovery and financial stability. Workers’ comp not only covers immediate medical expenses and lost wages but also accounts for long-term medical needs, rehabilitation, and potential future challenges.
From negotiating with workers’ compensation insurance companies to presenting compelling evidence of the impact of your workplace injuries on your life and livelihood, an experienced attorney can be instrumental in helping you obtain the maximum settlement available.
Average Workers’ Compensation Settlement Amounts in Illinois
Temporary Total Disability
For temporary injuries that result in a complete inability to work for a specific duration, settlements typically cover lost wages and medical expenses during the recovery period. Workers’ comp claim settlements (temporary disability benefits) in these cases can range from a few thousand to tens of thousands of dollars, depending on the length of the disability and other factors.
Permanent Partial Disability
Workers’ compensation case related permanent partial disability settlements are influenced by the severity of the impairment and the body part affected. This workers’ comp settlement negotiated by an experienced workers’ compensation attorney may range from several thousand to over a hundred thousand dollars, with more severe impairments generally resulting in higher settlements for the injured workers.
Permanent Total Disability
A workers’ compensation claim involving total permanent disability, where an employee is unable to work in any capacity, may result in higher workers’ compensation benefits. Permanent disability settlement amounts with the insurance company can vary widely but may range from hundreds of thousands to over a million dollars, depending on factors such as age, earning capacity, and the extent of the disability.
Worker’s Death (Survivor Benefits)
In cases where a worker succumbs to a work-related injury or illness, survivor benefits may be provided to dependents. The settlement amount for death benefits in a workers’ comp case depends on factors such as the number of dependents, the deceased worker’s earnings, and other circumstances. These workers’ compensation claims settlements can amount to hundreds of thousands of dollars or more in some cases.
Factors Influencing Workers’ Compensation Settlements in Illinois
- Nature and Severity of Injury: The type and extent of the injury significantly impact settlement amounts. More severe injuries that result in long-term disability or require extensive medical treatment may lead to higher settlements.
- Medical Costs: The cost of medical treatment for maximum medical improvement, including surgeries, medications, rehabilitation, and ongoing care, is a crucial factor in determining the medical benefits component of the settlement.
- Lost Income and Future Earning Capacity: Compensation for lost wages during recovery and any potential impact on future earning capacity are considered when calculating settlements for the injured worker.
- Disability Ratings: Disability ratings assigned by medical professionals play a role in determining the settlement amount. Permanent disabilities typically result in higher settlements.
- Negotiation Skills: The effectiveness of legal representation and negotiation skills can influence the final settlement. Experienced workers’ compensation attorneys may secure higher settlements for their clients.
How an Attorney Can Help You Achieve Maximum Workers’ Compensation Settlement in Illinois
Expert Medical Evaluation: One of the critical components of a workers’ compensation claim is the medical evaluation. Attorneys work with medical experts who can provide a thorough assessment of your injuries, prognosis, and potential future medical needs.
Gathering and Presenting Evidence: Workers’ comp settlement attorneys are skilled in collecting and presenting compelling evidence to support your case. This may include medical records, witness statements, expert opinions, and other documentation that strengthens your claim.
Negotiating with Insurance Companies: Insurance companies may attempt to minimize payouts. An attorney, with negotiation skills honed through experience, can effectively advocate for your rights and negotiate with insurers to secure a fair and just settlement.
Handling Disputes: Disputes over the extent of your injuries, the need for certain medical treatments, or the calculation of your disability rating are common. An attorney can address these disputes, ensuring that your rights are protected and your settlement accurately reflects your needs.
Appealing Denied Claims: If your claim is denied, an attorney can guide you through the appeals process. They understand the reasons for denials and can work to address deficiencies in your claim.
If you have suffered a workplace injury, get the experienced workers’ comp attorneys at Hipskind & McAninch, LLC on your side. With a proven record of securing substantial workers’ compensation settlements and our recognition as Super Lawyers® Rising Stars for three consecutive years, our accomplished team has what it takes to fight for your rights in Illinois. Call us at 618-617-6320 or contact us online to schedule your free consultation today.
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