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How Is Workers Compensation Calculated?

The last thing people expect is to sustain an injury or develop an illness while at work. Unfortunately, in nearly all types of occupations, work-related injuries are common. If an employee does sustain an injury or develop an illness while on the job, they may be eligible to file a workers’ compensation claim against the employer to cover the unexpected medical expenses and lost wages.

These cases are complex and involve negotiations between the employee and the employer or the employer’s insurance company. If you find yourself in need of filing a workers’ compensation claim, contact the Phoenix Workers’ Compensation Attorneys at Snow, Carpio, and Weekley, PLLC, to learn more about the workers’ compensation process and receive the representation you need.

How Is Workers Compensation Calculated?

Under the Workers’ Compensation Act, compensation is provided to employees and their dependents in the event of an accident or injury resulting in disability or wrongful death. The evaluation or estimation of a workers’ compensation settlement is performed based on the incident that led to damages.

Before estimating your settlement’s value under the workers’ compensation policy, you should consider particular aspects, including:

  • The workers eligible for compensation should be aged 18 and above.
  • $8,000 is the maximum monthly wage allowed for the estimation of compensation under the Workmen’s Compensation Act.
  • Workers’ compensation law varies from one state to another.

Above all, the final settlement calculation varies as it depends on the varying formula used to compute the figure.

Estimating A Workers’ Injury Compensation Settlement

The claim for workers’ compensation varies from a personal injury claim. The individual injured in the workplace or during duty is only compensated for the injury; no monetary settlement is given for any pain or suffering.

The bare stem in computing a settlement in a workers’ compensation claim is to obtain copies of the accident report, which include medical records and statements of the witness. If an employee is injured in the workplace, the employer should file a claim concerning the accident and document it with the responsible workman’s compensation agency. It’s best to wait until total recovery before filing your claim, as it can ensure you enjoy full recovery benefits.

How Can A Lawyer Help?

An experienced workers’ compensation lawyer can be quite helpful in these situations. In addition to helping clients develop the vital evidence to prove liability in their case, an attorney plays a huge role in structuring and negotiating settlement agreements.

The Phoenix Workers’ Compensation Attorneys at Snow, Carpio, and Weekley, PLLC, utilize factors such as the current and future medical bills, the extent of injury, and form of disability caused by the injury in your favor. And most importantly, the attorneys act as barriers between you and your employer’s insurance company. Call 877-370-5888 to schedule a free, no-obligation consultation to discuss your case.

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