In Illinois here are some good reasons to settle your workers’ compensation case.
The biggest advantage is that you get your money faster than when you have a trial.
After you sign settlement contracts and the contracts are approved, you typically get paid in 4 weeks.
Trials take longer because you have to get all the evidence together and take depositions of the doctors and either side can appeal the Arbitrator’s decision.
Another advantage of a settlement is that you know what you are getting. It is all outlined in the contract, including the amount of money you receive.
When you have a trial the Arbitrator decides the value of your case. Any offers are off the table and you may receive more than the offer or less.
A disadvantage to settlement is that your case is over, and any future medical treatment is your responsibility.
If you win at trial it at least gives you the possibility of future medical. However, it may require another trial some time down the road.
If you receive a fair offer and do not believe you will need future medical treatment, then settlement may be best for you.
Questions about the value of your case? Feel free to contact Illinois Workers’ Compensation Attorney Dirk May at 309-827-4371.