Michigan attorney discusses average workers’ comp settlement for a wrist injury in Michigan and how to maximize value.
Most disabled employees are curious about the average workers’ comp settlement for a wrist injury in Michigan. The truth is that every claim is different, and it is hard to assign settlement value without understanding potential legal issues. How long will disability last? What future medical treatment is needed? Is the claim disputed?
About Workman’s Compensation
Employees hurt on-the-job are supposed to receive workman’s comp benefits. This includes payment of medical treatment and lost wages. Sometimes vocational rehabilitation is needed, and this should be covered as well.
About settlements
Our experience shows that most disabled employees want to settle their cases for a lump sum cash payment. This allows them freedom to get medical treatment without insurance company delay. It also allows them to put cash in the bank and find a new job within restrictions. Settlement money can be used to pay off debt, start a business, or simply retire.
The amount of a workers’ comp settlement for a wrist injury is going to be based upon how much the insurance company believes it must payout in future benefits. It is a business decision and the insurance companies do not want to overpay. Insurance companies look at age, extent of disability, and cost of future medical care. Other factors include how much a person earned at their job and transferable skills.
What is the average workers’ comp settlement for a wrist injury in Michigan?
In Michigan, there isn’t a specified average amount for a workers’ comp settlement for a wrist injury. Statistics published by the Workers’ Disability Compensation Agency show the average for all work-related injury claims in the state was $62,315.56 in 2022. A settlement is based upon future medical needs and wage loss. More is paid when evidence supports continuing disability.
It’s important to know that most insurance companies will pay several years of wage loss benefits. Take your weekly check amount and multiple it by 52 weeks to calculate the yearly amount. Insurance companies rarely pay more than 5 years of wage loss benefits upfront.
It is also important to estimate future medical care by looking at what type of treatment could be required in the future. Again, every client, injury, and accident are going to be different.
Employees with this type of injury usually have a difficult time finding new employment because they are often limited to one-handed work. It is also common for them to undergo several surgeries throughout their lives. The best way to maximize settlement value is to hire an experienced lawyer who understands these issues. Medical and vocational evidence must be developed so the insurance company knows it must pay significant benefits. This means taking depositions of doctors and vocational experts when needed. It also means challenging unfair IME reports and post-injury wage earning capacity assessments.
Every situation is unique
Please remember that every situation is unique, so it is best to speak with an experienced lawyer before attempting to negotiate with the insurance company. Our experience shows that insurance companies lowball people who do not have a lawyer and try to box people into bad negotiating positions. Do not accept the average workers’ comp settlement for a wrist injury in Michigan without understanding your legal rights.
Injured on the job? Call our attorneys now for a free consultation!
If you suffered a wrist injury on the job in Michigan and have questions about a workers’ comp settlement, call now to speak with an experienced attorney, or fill out our contact form for a free consultation. There is absolutely no cost or obligation. We’re here for you.
Our attorneys have been exclusively helping injured workers in Michigan for more than 40 years. Our attorneys can help you better understand Michigan laws and what happens after someone has been hurt on the job. To see what our own clients have to say about the caring, compassion, and communication they received from us, you can read in their own words about their experience here on our testimonials page from clients we have helped.
Michigan Workers Comp Lawyers never charges a fee to evaluate a potential case. Our law firm has represented injured and disabled workers exclusively for more than 40 years. Call (844) 316-8033 for a free consultation today.
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