Should I accept a workers’ compensation settlement?

Rhode Island workers’ compensation settlements are usually final decisions. That means, once you and the workers’ compensation insurance company agree to a settlement, you are unlikely to get any future compensation for your workplace injuries. Thus, you need to make sure that the settlement fairly compensates you for all of your injuries before you accept it. Accepting a workers' comp settlement

Types of RI Workers’ Compensation Settlements

In Rhode Island, you may agree to one of the following types of workers’ compensation settlements:

  • Denial and Dismissal Settlement. This type of settlement is used in disputed claims and settles before liability is determined. The injured worker agrees that his claim will be denied and dismissed in exchange for payment. The insurance company pays out a lump sum to the employee but doesn’t acknowledge liability, and the employee must pay all medical bills as a result of the injury. Often, the employee will be asked to resign from his position as a condition of the settlement.
  • Commutation Settlement. In this type of settlement, the insurance company has already admitted liability and has paid your workers’ comp benefits for at least six months. The settlement will be for all the rest of the workers’ comp benefits you may receive.

Both types of settlements are final, and you give up your right to receive any future workers’ comp benefits, including medical coverage, beyond what is included in the settlement that you sign.

We Can Help With Your Workers’ Comp Case

It’s important that you understand the extent of your injuries before accepting a workers’ compensation settlement. Thus, your doctor should determine that you’ve reached maximum medical improvement for your injuries or illness.

Before you accept any settlement, you should consult with our experienced Rhode Island workers’ compensation attorneys. We will review your medical records and the proposed settlement amount to make sure that the settlement provides you with fair compensation under Rhode Island law. Call us, or reach out to us via this website today to learn more.