Process for Receiving a Workers Comp Settlement

Ohio Workers comp attorneys of The Donahey Law Firm in Ohio explain the steps involved for receiving an out of court settlement.

Some injured workers in Ohio may wish to receive a cash settlement of their workers compensation claim in place of traditional benefits. In order to receive a settlement you must first file a claim with the Bureau of Workers Compensation. The value of your benefits must be considered in the context of the workers compensation system and the full extent of the ramifications of your injury or illness must be evaluated to ensure that your compensation is comprehensive. Your attorney will consider the value of your claim and help you decide if a settlement would be beneficial in your case. Legal representation, which involves the careful consideration of all the aspects of your medical and financial wellbeing, and current and future prospects for gainful employment, is crucial to your decision on whether to seek a settlement. Once a settlement is offered, your Ohio workers compensation attorney will help you decide whether or not to accept the settlement proposal.

Reasons Why you Should Consider a Workers Compensation Settlement

• Sometimes the bureaucratic red tape causes delays in treatment which can set back your recovery. A workers compensation settlement can provide cash up front to allow for continued treatment without interruption.  
• An injured worker may wish to receive a settlement in place of ongoing payments if they are considering a move out of state or when the injured is at an advanced age or has become seriously ill. With the exception of death benefits, payments are discontinued after an injured worker’s death; a settlement that is reached before the injured worker’s death can help to provide for dependants.
• A settlement could provide much needed cash up front in exchange for continued total disability payments and some injured workers decide that they want to convert annuity payments to a lump sum cash payment.
• The Ohio Bureau of Workers compensation is now offering fast-track settlements for older workers compensation claims and you may be able convert an old claim to a cash settlement.

It is important to remember that after a settlement you forfeit your rights to any benefits associated with your workers compensation claim. This important decision should not be made without the professional advice of a qualified workers compensation attorney. Call the attorneys at The Donahey Law Firm, at 800.686.1699 to speak with a skilled professional about Ohio workers compensation claims and settlements, or contact us online.