A workers' compensation claim aims to provide you with the resources you need to recover from an injury or accident that took place while you were on the job. In many cases, though, it will actually be in your best interest to settle your claim.

Below, three important considerations are explored in further detail.

3 Times Settling Your Workers' Compensation Claim Could Be in Your Best Interest

1. A Lengthier Case Could Mean Potentially Lowered Value

The longer your case stays open, the greater the potential is that you could be offered a significantly lower settlement. This isn't a hard and fast rule by any means, but many claimants in lengthier cases find themselves faced with a far lower settlement than they would've likely been offered had they settled sooner. Don’t think of your  workers’ compensation claim as being like an insurance policy on your injured body part (back, neck, arm, etc.) for the rest of your life.  As time passes, the workers' compensation insurer will be reviewing your claim for any reason to deny benefits, especially if you are no longer working where you were injured.  Heed the advice of your workers' compensation lawyer, and know when it is the right time to accept an adequate settlement. 

2. Circumstances Could Decrease the Value of Your Claim

Life goes on, even in the aftermath of a damaging work-related accident. You could become ill or experience another injury, and neither circumstance may be related to your work incident. This will likely have a negative impact on the value of your claim, forcing you to consider accepting a much lower amount than if you'd settled earlier.

3. Avoid the Risk of Losing

If a claim goes to hearing, both sides stand a chance of losing their case. This means that you may end up with nothing and still be faced with mounting medical bills and an unmanageable loss of wages. If you want to avoid the uncertainty surrounding the future of your workers' compensation claim, work with your lawyer to examine the settlement options available to you.

D'Agosto & Howe, LLC is a team of workers' compensation and personal injury lawyers serving the Shelton, CT, area. Call (203) 712-0210, visit them online, or connect with them via Facebook or Yelp to schedule a consultation today. Your lawyers can guide you on the best times to settle, as well as the conditions and circumstances that will make the most compelling, effective case possible.