If you are in need of a workers compensation attorney oregon, it helps to understand how the process works. If you believe you have a workers’ compensation claim, you want to make sure you get the proper information so you can make the best choice for your future. For example, many people do not realize that you may be able to get a lump sum settlement for a workers’ compensation claim.
How Much Will I Get
Workers’ compensation claims do not involve a specific settlement formula, this is one reason why it is important to use a workers compensation attorney oregon. Your lawyer and the insurance company will work together to determine how much you should get in your settlement. They will consider the type and severity of your injury, how much money you were earning prior to your injury, how much your medical care is going to cost, whether you will be able to return to work at some point, and whether you will need some sort of job training to rejoin the workforce. Once a dollar amount is agreed on, there will likely be fees that are deducted, such as for your legal bills and money to cover future medical expenses.
Getting a Lump Sum Settlement
There are advantages to getting your money all in one lump sum. You often receive more money, and receive it sooner, if you decide to take a lump sum settlement. You don’t need to worry about receiving future payments. It is important to understand how future medical care issues are covered under lump sum payments. Generally, the money you receive is all that you can expect to receive going forward. This makes it important to set money aside for any future medical treatment you may require. A skilled workers compensation attorney oregon can help you with this process.
By working with a skilled attorney to settle your workers’ compensation claim, you can quickly reach a Claim Disposition Agreement or CDA. Once you have a CDA it must be approved by the Workers’ Compensation Board of the State of Oregon so that your payment can proceed.