As 2013 ended, the issue of whether workers’ compensation benefits and settlement proceeds should be reported as “income” on your taxes has once again arisen. Generally, IRS Code 104 provides (more…)
workers’ comp settlement
The answer to this question depends on a number of factors uniquely tied to each case. Generally, the claim’s “value” rests on the injured workers’ average weekly wage, the length of time the claimant has been out of work, and (more…)
Generally, a mediation is a form of alternative dispute resolution. The idea centers around the parties’ interest in finding a solution to the issue before the court, tribunal, or worker’s compensation board. This process (more…)
If you have been injured on the job and you are considering settling your claim, please note that the insurance company does not have your best interest at heart. In fact, they have a vested interested in minimizing your settlement as much as possible.
With that being said, an injured employee and the Employer/Insurer may settle the claim by agreement. There are two types of settlement: (1) compromise and (2) no liability.
A compromise “stipulation” is the vehicle used when the Employer/Insurer has accepted liability and there is a “bona fide dispute” as to future or past benefits. The compromise stipulation include a discussion of the medical treatment as well as the contentions of both parties. The “no liability” stipulation is used when there has been no finding of liability and the parties agree not to pursue a claim under the Workers’ Compensation Act in exchange for money settlement. The parties will keep a contract between them regarding the same.
Both types of settlements must approved by the State Board of Workers’ Compensation. Once the settlement has been approved, the Employer/Insurer must pay the settlement within 20 days or sooner.
If you have questions about settling your workers’ compensation case, and you would like a free consultation, please feel free to contact the Ramos Law Firm at 404-355-3431 or via email.
A common question that the Atlanta attorneys of the Ramos Law Firm are asked is “how much is my case worth?” While there is no amount of money that could fully compensate an injured worker for the pain and heartache she experiences, the Georgia Workers’ Compensation Act provides a framework to consider.
First, it is important to consider the injured workers’ (more…)
In our Georgia workers’ compensation practice, injured workers often ask, “when is the right time to settle my workers’ compensation claim?” As the workers’ compensation scheme pays for medical treatment, it is often recommended that you (more…)