Workers Compensation Settlement in South Carolina
The decision to settle a workers compensation claim must be carefully considered. Settlement amounts vary greatly and can seriously impact your future and the financial security of your family. It is essential to consult with an experienced attorney about your South Carolina workers compensation settlement before making a final decision.
Although a settlement can be reached at any time during the claim process, it occurs most often after your injuries have improved and a doctor deems you have reached the point of maximum medical improvement. At that point, the doctor will give you a permanent partial disability rating and the insurance company will typically offer a lump sum settlement to close the claim.
What happens during the settlement process
A workers compensation settlement in South Carolina can be achieved a few different ways. After assessing your claim and the extent of injuries, an attorney may negotiate with the insurance companies to come to a settlement amount both sides can agree on. It is important to consult with medical professionals about your condition so you understand the long-term ramifications the injury will have on your life.
If your injury has not stabilized, the settlement must take into account future medical costs and ongoing treatment. Do not accept a settlement without first being informed and understanding the full extent of your injuries.
If you accept the offered settlement, you waive all legal rights to continue or appeal the claim or sue the company at a later date. If negotiations are unsuccessful, a hearing is scheduled and a judge reviews the claim to determine what is fair.
How a workers compensation settlement is calculated
The amount of a South Carolina worker compensation settlement depends on the extent of injuries. Those who suffer permanent injury may be paid compensation based on the percentage of disability, as determined by the state, and by the percentage of impairment, as determined by a doctor. The South Carolina Workers Compensation Commission bases the decision on a number of factors including age, work experience, and level of education.
Get help from an attorney who understands worker compensation
Worker compensation settlement in South Carolina requires careful consideration. When you agree to settle a claim, you give up future wage loss checks and payments for medical treatment. If the injury continues to be problematic years later there is no recourse. That is why it is essential to sit down with an experienced workers compensation lawyer in South Carolina to discuss your case before settling.
The experienced and dependable attorneys at Chappell, Smith & Arden have represented thousands of injured employees over the years and are ready to put that experience to work for you.
