Factors That Affect a Settlement Amount
Every workplace injury claim is different. However, several common factors may affect the value of a workers’ compensation settlement, including the severity of your injury, your ability to return to work, and the cost of future medical care.
If you pursue a settlement for workers’ compensation in Burbank, the insurance company will evaluate whether the injury caused permanent physical limitations or reduced your earning capacity. More serious impairments generally result in higher settlement amounts under state workers’ compensation law.
Future medical treatment is also a major consideration. Some workplace injuries require ongoing care, including:
- Surgery
- Physical therapy
- Medication
- Pain management
Insurance companies may attempt to minimize projected treatment costs, but our lawyer could work to ensure the insurance company properly considers future medical needs before you finalize any agreement.
Lost earning capacity may also increase the value of your workers’ comp claim. If your injury prevents you from returning to the same job or limits your future income, a settlement may include those financial losses.
Can You Reopen a Workers’ Compensation Claim?
Whether you can reopen a Burbank workers’ comp case after settlement depends on the type of agreement the judge approves. A Compromise and Release settlement generally closes the claim permanently, and, in most cases, you cannot pursue additional benefits for the same injury later. However, a Stipulations agreement may allow you to reopen the claim if your condition worsens within five years from the date of injury.
Because settlement agreements can affect your future medical rights, it is important to understand the consequences before signing any documents. Our experienced attorney could explain your legal options and help you decide how to resolve your case.
Get Started Today