Workers' Compensation Settlements
In some workers' compensation cases, your employer's insurance
company may attempt to offer you a settlement in order to resolve the
issue. These settlements can come in one of two forms: a structured settlement
or a lump sum. A structured settlement will grant you a certain number
of payments over set period of time, while a lump sum consists of one
large payment to close the case.
How Settlements Work
Payment of a structured settlement must first be approved by a district
court as stated
in Nevada Revised Statutes §42.030. In addition, all involved parties must be served with a notice of the
petition no later than seven days before the hearing on said petition.
Settlements are common for workers' comp claims involving temporary
partial disability (TPD), permanent partial disability (PPD), temporary
total disability (TTD), and permanent total disability (PTD).
Once an injured worker has been examined and rated by a qualified physician,
the insurance company can formulate and provide a breakdown of a settlement
to the worker. This breakdown could be a simple lump sum or a structured
payment plan. The breakdown involves the employee's age, average monthly
wage at the time of injury, type of injury sustained, and other factors.
If you've been injured and have been offered a settlement, then do
not accept anything without first speaking with a Las Vegas workers'
Find an Attorney in Las Vegas, NV
The firm of Shook & Stone has handled workers' compensation claims
for many years and has recovered over $100 million for clients in settlements
and verdicts. Our legal team is more than qualified to help you obtain
the compensation you deserve. We will thoroughly investigate your case
and determine the amount that you deserve to receive. Then, we will help
you win a fair payout through a settlement or a court judgment.
Contact our firm today to schedule an initial consultation.