Workers’ compensation hearings could be extremely time-consuming. Even after months of preparation and expectations, a hearing could result in a less-than-favorable outcome. Instead of taking such a risk, an individual may wish to reach a settlement agreement regarding their workers’ compensation claim.
Examination of the evidence and evaluation of the strengths of an individual’s case may be necessary in order to make an informed decision about accepting a settlement. A seasoned injury attorney may be able to provide assistance with an assessment of your case as well as provide you with more information about workers’ compensation settlements in Malden.
Assessing the Value of a Workers’ Compensation Claim
It is important to begin weighing the factors that affect the value of a workers’ compensation claim before considering a settlement. The following factors could be significant:
- Permanent loss of function
- Past and future medical needs
- Loss of income
Without the assistance of an attorney, it could be difficult to assess the factors that affect the value of a claim. It could also be difficult to make the right decision regarding workers’ compensation settlements in Malden. For example, if you agree to a settlement for past medical costs without taking into consideration future medical costs, and the period of time throughout which you would need medical care, you may be accepting an offer that does not cover your losses.
Another factor that could clearly affect the value of a Massachusetts workers’ compensation claim is the strengths or weaknesses regarding the claim itself. If there are strong arguments against your claim, it could affect the settlement value. Having an attorney assess the details of a settlement and negotiate on your behalf could be advantageous.
Process of Settling a Workers’ Comp Claim
Upon examination of a workers’ compensation claim, negotiation may begin between the insurance company and the individual or their attorney. Many of the same topics that may be considered at a hearing could be discussed during settlement talks. A settlement conference could be the culmination of the settlement process.
At a settlement conference, a judge could make a decision regarding the details of the settlement agreement. Once a settlement becomes final, you may not be able to make changes to the agreement. For this reason, it is important to understand the value of the case and the losses that you may endure in the future as well as the past.
Contact an Attorney Regarding Malden Workers’ Compensation Settlements
Whether you are interested in receiving one payment or payments spread out over a period of time, you could benefit from the guidance and advice that a seasoned attorney could provide in your case. Do not delay in reaching out to learn more about your legal options and the steps that you may take to settle your claim for a fair value. Speak with an attorney today about workers’ compensation settlements in Malden if you have been injured or become ill within the scope of your employment.