(Where claims are being paid, the workers' comp attorney fee is actually 15%)
How Can I Settle My Workers' Comp Case In Michigan / How to Calculate a Workers' Comp Settlement
Our legal practice has been successful in navigating the confusing area of workman’s compensation, and in getting our clients significant settlements. We make sure our clients understand their rights and the complicated paperwork and proceedings. We advocate for the best outcomes for our clients and their families. The workers’ compensation process can be difficult for most injured workers, including the initial application, medical examinations, delayed or denied benefits, and a sometimes lengthy hearing process. Some clients try to avoid the difficult workers’ compensation process by negotiating a lower settlement of the claim. We take care of the complicated process and fight for the best settlement for you and your family. We are the Michigan experts in for workers’ compensation and workers’ compensation structured settlements for hand, head, brain, shoulder, neck, knee, foot, leg, back, herniated disc injury cases.
Michigan Workers Compensation Settlement, The Basics
In most cases, the medical records must be reviewed by your attorney, along with a review of your work experience, education, and training. Your average weekly wage must be determined along with the workers' compensation rate to determine if the insurance company is paying you enough per week. Generally, your weekly rate is calculated into a yearly rate and a settlement is negotiated with the claims adjuster. Additional monies for attendant care, future medical, and other contingencies must be calculated in. Our firm has over 30 years of workers' compensation expertise to get you much more than you can negotiate on your own. Don't take the claims adjuster's word that they are offering you a fair deal.
Yes, if you are being paid workers' compensation benefits and receive a SSD award, your SSD benefits will usually be reduced. Therefore, many settle workers' compensation cases with a lump sum settlement so that they can maximize their SSD benefits. Often times, you will be trading dollars and a workers' compensation settlement helps to maximize your wealth and payments.
No, it is not taxable. It is paid in after tax dollars. The only exception is adjusted gross income in rare circumstances. Your tax advisor can advise you if you fall into this rare exception.