The answer is different for each person.
In Illinois, the amount of your settlement is based on 60 percent of your wage a year before your injury.
You can see that if you have a high wage, then you will get a larger settlement than a low wage earner for the same injury.
Even though Illinois has some of the highest Workers’ Compensation benefits the settlements are not outrageous.
For instance, most settlements are in the range of $5,000 to $30,000.
A settlement in the $80,000 and above range is considered large.
Illinois Workers’ Compensation cases are not like personal injury cases that can go into the $1 million and above range for serious injuries.
The other thing to remember is not to believe everything someone tells you.
The neighbor who received $300,000 for a carpal tunnel case is not telling the truth.
You are entitled to your medical bills, your time off pay, and your settlement.
The value of the settlement depends on the seriousness of your injury.
It also depends on your restrictions and whether you can continue working your old job.
The insurance company also wants to settle your case.
This can result in some extra money for you if keep this in mind.
Questions about what is a good settlement for your case? Feel free to contact Illinois Workers’ Compensation Attorney Dirk May at 309-827-4371.