Types Of Workers Compensation Awards

In a large majority of cases, employers will settle worker’s comp cases. While we’d love to think that employers are all responsible and care deeply about the welfare of their employees, the truth is that employers represent business interests. Their chief motivator will always be the bottom line. While they might care about their employees on a human level, they still have to do what’s best for the business and will usually attempt to minimize any worker’s compensation award that they give out to an injured employee.

Worker’s compensation is an appropriate term for the type of compensation that workers get when they are injured on the job. An employer will usually have a very strict set of guidelines about what qualifies for worker’s comp. Sometimes workers may have played a part in their own injury by not following safety procedures, and this might reduce or even eliminate the award. It’s important for workers to hire a workers compensation attorney Salem Oregon before they procedure forward with any negotiations.

Far too many workers settle for less than they deserve in these cases. They’re not aware of the many different kinds of worker’s compensation awards available through the law, so they settle for a lump sum that is inadequate for their future needs. Sometimes an injury can span a lifetime and reduce earning capacity to such a degree that permanent compensation is required, or else a very large lump sum that will be enough to cover all future lost wages or unexpected downturns in health due to the injury.

Pain and suffering also figures into the bottom line of the compensation amount. Only a seasoned lawyer is going to know exactly how much your employer owes you due to your injury. One thing is for certain: Don’t settle! Stipulated rewards, where both parties agree, are fine as long as your lawyer has looked over the fine print and approved it, but don’t do it on your own. A compromise and release settlement means your employer accepts a lump sum but will not be making any future payments of compensation. With a structured settlement, you’ll get a large sum but it will be spread out over time so that you can budget as you go along.

Whatever type of compensation you accept, make sure that your lawyer agrees with the settlement and knows it’s best for you.