Workers Compensation Settlement Process
Phoenix workers compensation cases may at times be concluded via a workers' compensation settlement. In these situations, disputed workers compensation issues are resolved by agreed upon means between the employer and the injured employee.
Types of Worker Compensation Settlements
- Workers compensation settlement in Phoenix typically takes one of the following forms:
- Full commutation - one full payment is made for all remaining future benefits. When this is received claims for future benefits end. Typically, for this to occur, it must be proven that a lump sum payment is in the employees' best interest.
- Partial commutation - a lump sum is paid of a part of the remaining future benefits.
- Agreement for settlement - an agreement is made for the extent and amount of future compensation. This does not end the right of the employee for future medical benefits.
- Compromise settlement - both parties agree to a specified settlement amount and terms, that is typically mediated by a third party.
Settlement Mediation
Phoenix worker comp settlement can involve the process of settlement mediation. In this process, a neutral third party helps both sides in the workers compensation dispute arrive at a mutually agreed to resolution. An adjuster hears the issues presented and comes to a binding ruling. It is highly recommended that in settlement mediation, the employee come to the proceedings with the assistance of a workers' compensation attorney.
Is Settlement Right For You?
Phoenix workers compensation settlement may be a preferred situation for employees, depending on the likelihood of receipt of the full expected compensation, the individual circumstances of the case, and the need for speedy resolution.
It is often a preferred method for insurance firms representing the employer, as solutions such as a lump sum payment typically keep long term costs for them down.
The general recommendation regarding worker comp settlement in Phoenix typically indicates that if there is an injury that will require long term, continuing, medical treatment, a settlement is not the most favored option, particularly a lump sum settlement.
In all cases, it is highly recommended that before accepting any settlement, indeed when even considering the possibility of a settlement, that legal counsel be sought.
Attorney Settlement in Phoenix
The Phoenix worker compensation attorneys of Cruz & Associates utilize their many years of service and knowledge in Phoenix worker compensation law to provide you with high caliber professional advice regarding Phoenix worker comp settlement. For a free legal consultation, contact them today at 480-305-5236.
