Employees who get hurt on the job often wonder what amounts to expect as compensation for their injuries. The experienced workers' compensation lawyers at Vincent J. Criscuolo & Associates in Rochester, NY, say the answer depends on several factors. Here, they discuss what goes into determining the value of a claim.

Workers’ Compensation Lawyer Explains How Claim Amounts Are Decided Upon

Settlement of Claims

Injured workers often settle their claims, especially those involving permanent disabilities. Settlements are voluntary, and the amounts depend on factors like the type of injury, the extent of the disability, and the limitations on the ability to work. Employers often offer to settle permanent disability issues with a lump-sum payment.

Stipulation Agreements

In New York, worker’s compensation lawyers negotiate for their clients to reach stipulation agreements with employers’ insurance carriers. They negotiate an amount based on the worker’s disability level, the weekly benefits payments, a percentage of an amount of loss of use of a body part, such as fingers or toes, and any employer reimbursements. Judges make these written agreements part of the claim record. Stipulation agreements can be modified, which will benefit you should you condition worsen.

Section 32 Agreements

Workers and insurers can settle claims under Section 32 agreements, which are negotiated similarly to stipulation agreements. Insurers may offer higher amounts in Section 32 agreements, but the downside is once the parties agree, there is no option to modify. Worker’s comp attorneys evaluate cases with their clients to help them make the best choice for their situation.  

The lawyers at Vincent J. Criscuolo & Associates provide attentive, professional service dedicated to each client’s best interests. Whenever you call, you will receive information about your case. Staff members always answer the firm’s phones, so you never have to leave voicemail messages.

If you suffer an on-the-job injury, contact an experienced worker’s compensation lawyer at Vincent J. Criscuolo & Associates in Rochester, NY, as soon as possible. Learn more about their practice on their website. Call (585) 232-3240 to schedule your free consultation, and follow them on Twitter.