How Are Workers’ Compensation Settlements Valued?
At Marzzacco Niven & Associates, we understand how important a fair workers’ compensation settlement is to you. The amount you receive can make a substantial difference in your quality of life. Turn to us at our Harrisburg law firm to help you pursue the full amount of money you need.
It is reasonably believed that our founding attorney Katherine L. Niven, when she was practicing with the firm, was the only attorney in Pennsylvania who had also served as a workers’ compensation judge. Our current team of workers’ compensation lawyers knows exactly how the process works. Call 717-260-3580 today.
The Value Of Your Case Depends On Many Factors
Settlements are quite complicated. The wage that you were making at the time you suffered your workplace injury is one of the most important factors. This figure is known as the average weekly wage. Your compensation rate is calculated off of this wage, and it is arguably the single most important aspect of valuation.
However, many other factors play into the valuation process. Below are a few of these other factors:
- How long have you been injured?
- Are your work restrictions permanent?
- Is your ability to earn income affected and for how long?
- What are your employment skills?
- What is the nature of the injury?
- How old are you and how many more years do you plan to work until retirement?
- Which workers’ compensation judge will hear your case?
- How supportive is your doctor?
Do I Get More Money If I Suffered Multiple Injuries?
Many people believe that having multiple body parts injured should increase the value of their cases. This assumption is not true. Pennsylvania simply looks at wage loss. If you were prevented from working for any reason-whether you injured your thumb or were completely paralyzed-your injury is enough to qualify you for benefits.
Note: In every workers’ compensation case, it is very important to have a supportive doctor. It is equally important to comply with the treatment your doctor suggests and to continue that treatment for as long as necessary.
Can I Get Social Security Disability And Workers’ Comp Benefits?
If you are also seeking Social Security Disability benefits, you need to make sure that language exists in your workers’ compensation settlement agreement, prior to the judge approving it, that will protect you financially. When workers’ compensation and Social Security Disability come into play at the same time, you may face complications. Don’t accept a settlement until you have discussed this issue with a competent attorney.
You need to also let Social Security know what you are receiving in terms of workers’ compensation benefits. Social Security takes an offset, which means that your Social Security benefits may be temporarily reduced, but your workers’ compensation benefits stay the same.