Being injured on the job is a nightmare scenario that needs to be prepared for. Whether you’re obviously impaired for life or unsure of how your recovery will unfold, you need to have a set of safety measures that go beyond cash settlements. Before celebrating a workers compensation package or injury settlement, consider a few conditions that should be negotiated before signing anything.
Percentage-Based Settlements Versus Set Amounts
The easiest settlement path for your legal opponent or the insurance system is to pay you off with one specific amount.…
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Surprisingly, workers compensation laws are not universal. There are multiple loopholes and differences in the law from state to state. A few states do not even require that employers carry workers compensation at all, while others like Alaska, require workers compensation insurance when an employer has only one employee. Not knowing what is available to you in the state in which you live could result in multiple denials without the assistance of a workers compensation lawyer.…
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In some states, you’re eligible to receive assistance for medical care only if your income is below a certain level. If you have income above this level, you might still need assistance. You might not have enough money to pay for medical expenses and your daily needs. If this is the case, you can divert your income to an income trust that takes charge of the funds and disperses them accordingly.…
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