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Should You Accept the Initial Insurance Settlement for Your Chicago Workers’ Compensation Claim?

On Behalf of | Workers' Compensation

Getting injured at work can disrupt your life and, if the injury is bad enough, keep you from being able to return to work quickly. That’s why workers’ compensation exists—to provide you with a portion of your income while you recover. If your claim is approved and the insurance company offers you a settlement, you have two choices: accept the money or petition for a higher settlement amount. So, how can you decide if accepting your initial settlement is the right move? Your Chicago workers’ compensation lawyer explains.

Consider the Size of the Offer Relative to the Cost of Your Recovery

Every situation is unique and the amount of money you’ll be offered will largely depend on the severity of your injuries and how much the insurance company thinks your recovery will cost. Though the initial settlement may be fair in some instances, it’s often lower than you deserve. Before you accept the settlement, consider the amount of money they’re offering relative to what you believe the cost of recovery will be. If you think the settlement is too small, you’ll want to speak with a Chicago workers’ compensation lawyer as soon as possible.

Think About How Long Your Recovery Will Take

If you’re only going to be out of work for a few weeks, a smaller settlement may not be worth contesting. Any appeal will take time and that’s time you could better spend focusing on your recovery. But if your injuries are severe and you think you’ll be out of work for several months or more, you may want to push for a larger settlement. Your attorney will be able to review your case and help you decide if appealing the decision is worthwhile.

Listen to Your Attorney’s Advice

Though you don’t have to seek legal assistance when contesting an initial settlement, it can be a good idea. Your attorney can review your case and help you understand if the settlement you’re offered is fair or if you may be entitled to more compensation. When you schedule a consultation, listen to your attorney’s advice. Remember, they’ve worked with others in similar situations and can give you an idea of whether your appeal is likely to be successful. If they recommend contesting the settlement, they’ll guide you through the process and will represent your case to the insurance company.

Consider Your Mental State

Contesting any insurance settlement can take time and may bring up painful memories of the accident that led to you filing a workers’ compensation claim in the first place. Before you start discussing your options with your attorney, consider how much distress pushing for a new settlement is likely to cause you. If you’re comfortable pushing for a better settlement, do so. But if you think it will cause more stress and emotional pain than it’s worth, let your attorney know.

Contact a Chicago Workers’ Compensation Lawyer Today

If you’re worried that your initial workers’ compensation settlement is too low and won’t provide you with the funds you need to focus on your recovery, reach out to the team at Anesi Ozmon, LTD. Our experienced Chicago workers’ compensation lawyers have helped injured workers get the money they deserve. Schedule your free consultation today.