How do illinois Workers’ Compensation Settlements Work

1. HOW DO ILLINOIS WORKERS’ COMPENSATION SETTLEMENTS WORK? The first step to being awarded the workers compensation settlements in Illinois is to know that you are actually eligible for one. Many people do not file a claim simply because they do not know that they too are eligible for compensation for the injury sustained at the workplace. 01 A workers comp settlement is essentially an agreement between the insurance company of the employer and the worker. This seeks to release all or some of the insurance provider’s responsibilities in exchange for a sum of money. 02 You need to achieve a period of maximum medical improvement (MMI). It is at this point that the physician certifies that this is the best health you can obtain after undergoing a treatment regimen. In other words, you come to know of the extent of injury you have suffered and what is the maximum impact it has on your ability to work in the future. 03 It is best to go with a trusted and experienced attorney when pursuing a case of workers compensation settlements in Illinois. The attorney will send a settlement demand letter to the insurance company to start the proceedings. 04 After some back and forth, the attorney and the insurance company will arrive at a common dollar value that will act as the final settlement value for your injury. 05 Post this the agreement is prepared. This will clearly outline what are the various rights you are giving up in order to claim the settlement amount. Waiving your rights means that you will not be eligible for a workers’ compensation nearing. 06 capronlaw.com