When Will Workers’ Comp Offer A Settlement?

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When will workers' comp offer a settlement?

Michigan workers’ comp lawyer discusses settlement and when offers are usually made.

Individuals who get hurt on-the-job are protected under workers’ comp law. It requires that employers pay money to compensate for lost wages and medical treatment. It is a safety net for people who are hurt in the workplace. Many of our clients want to eventually trade workers’ comp benefits for a lump sum cash payment. This allows them freedom to move on with their life. But when will Michigan workers’ comp offer a settlement?

Will workers’ comp offer me a settlement in Michigan?

Yes, workers’ comp will offer you a settlement in Michigan but the question is how much will they offer. Insurance companies want to close out files. They do this by offering a lump sum cash payout in exchange for giving up Michigan workers’ comp benefits. Insurance companies want to pay as little as possible. Understanding legal rights is the key to a fair settlement.

Negotiating a settlement is an art form and timing can be everything. Insurance companies know the value of claims and they do not want to overpay. Settlement is going to depend upon what the insurance company believes it might have to pay in future wage loss and medical benefits. We recommend developing vocational and medical evidence before even thinking about settlement.

An employee who has returned to gainful employment without restrictions should not expect much of a settlement. This is because they are not owed any wage loss benefits. It is also usually required that they sign a resignation from their job, where the accident happened, as a condition of a settlement. Sometimes it does not make financial sense for either party to settle the claim.

Medical is another important factor that goes into the insurance company’s decision to offer a settlement. An individual who has reached maximum medical improvement (MMI) or does not anticipate having additional treatment will usually be offered a very low amount. We do not recommend giving up lifetime medical benefits for a small amount of money.

When will workers’ comp offer a settlement in Michigan?

Michigan law does not permit a workers’ comp settlement offer to be approved until six months from the time of the workplace accident. This is to ensure that a person understands the extent of his or her medical condition.

We strongly recommend that our clients wait until they have a plan before settling their work injury claim. Many get a lump sum cash payment and then start a new job somewhere else. Others use settlement money for education or retraining.

Injured while on-the-job in Michigan? Contact our lawyers now

If you were injured while on the job in Michigan, call us now, or fill out our contact form for a free consultation. There is absolutely no cost or obligation. Our attorneys are here for you and they will fight to ensure that Michigan workers’ comp will pay you a fair amount for your case.

Our attorneys have been exclusively helping injured workers in Michigan for more than 35 years. Our attorneys can help you better understand Michigan work injury 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 Workman’s Comp Lawyers never charges a fee to evaluate a potential case. Our law firm has represented injured and disabled employees exclusively for more than 35 years. Call (855) 221-2667 for a free consultation today.

Related information:

Can Workers’ Comp Stop Paying Without Notice?

Author Bio Jeffrey Kaufman

Author
Jeffrey E. Kaufman
Michigan Workers Comp Attorney

Jeffrey E. Kaufman has extensive experience in workers compensation cases and has recovered millions of dollars in benefits for his clients. He believes all injured workers deserve to be on equal footing with insurance companies and employers, and fights tenaciously so their rights are secured and protected.


“Jeff also helped me with getting my Blue Cross bills paid. I would absolutely recommend him and the whole firm. Jeff and the firm did everything they were supposed to do for me and my case.”
Ricardo Perfetto

Hundreds of 5-Star Reviews

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Get Help From our Michigan Workers’ Comp Lawyers Today

You’re not alone. Our Michigan workers’ comp lawyers have been called the best in the state, and our clients love how they’re treated with care, respect, and responsiveness. We will give you the time you need, we will explain your legal rights, and we will always treat you with respect.

Our workers’ compensation and Social Security disability lawyers always put your needs first. Get to know your legal team.

Our attorneys post regularly about common issues related to workers’ comp, including common injuries, settlement calculations, laws, and more.

Injured? It’s Time to Get Some Answers

Don’t let the insurance adjuster push you around. Request your free consultation today.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Our attorneys post regularly about common issues related to workers’ comp, including common injuries, settlement calculations, laws, and more.

Our workers’ compensation and Social Security disability lawyers always put your needs first. Get to know your legal team.