Hurt at Work? Get All the Compensation You’re Owed.
When your job causes an illness or injury, it disrupts your life and your livelihood.
Workers’ Compensation benefits step in to protect you and your family, giving you the financial cushion you need to get back to normal.
But you’re probably asking: How much can I get?
Kentucky Workers’ Comp covers three major areas:
- Lost work time. This pays two-thirds of your average weekly wage, up to a limit based on Kentucky’s overall average wage.
- Medical Care. Workers’ Comp also pays for the medical treatment you need because of your workplace injury or illness.
- Return-To-Work Services. And Workers’ Comp sets up a plan for you to get back to work, if possible, including changes in your job to accommodate your health needs.
When you’re hurt on the job, the Kentucky Workers’ Comp lawyers at Morgan, Collins & Yeast fight to get you the maximum benefits you’re owed. You don’t pay anything for us to evaluate your case.
Will I Get a Workers’ Comp Award—or a Settlement?
When you’re fighting for Workers’ Comp benefits, you could get a decision in two major ways:
- An administrative law judge awards you benefits.
- You reach a settlement with the workers’ comp insurance company.
If a judge awards you benefits, you’ll receive weekly benefit checks as long as you continue to qualify for Workers’ Comp.
If you agree to a settlement, you’ll likely get a one-time lump sum of money.
You might want a lump sum if you prefer to get more money up front instead of gradually spread over time.
Lump sums aren’t required under Kentucky Workers’ Comp law. This is something you negotiate with the insurance company.
Sometimes, as part of a settlement, you can arrange to get an annuity that issues you payments weekly or monthly. Those payments work differently from regular weekly Workers’ Comp. Again, this is part of a separate agreement that you make.
Keep this in mind: Insurance companies will try to give you less overall if they’re giving you more at once. They also may want to limit future medical care they pay for.
Finalizing your settlement can take months.
To get the best deal, you want an experienced negotiator—like the lawyers at Morgan, Collins & Yeast.
How Much Are Workers’ Comp Settlements?
How much you get in a lump sum Workers’ Comp settlement depends on many factors, including:
- Your age
- Your education level
- Your average weekly wage
- Your ability to return to work
- The severity of your impairment
Your doctor assigns an “impairment rating” that plays a major role in deciding your settlement amount.
The average lump sum payment for a “permanent partial disability” in Kentucky recently was $29,260, according to a report from the state’s 2016 Workers’ Compensation Task Force.
In the first half of 2018 alone at Morgan, Collins & Yeast, we saw settlements ranging all the way from $1,000 to $654,000.
Your own case is unique.
Don’t Settle for Less
Sometimes, insurance companies and employers try to give you less than you deserve.
Having to pay out benefits, after all, means costs for them.
We can’t stand it when Kentucky workers aren’t treated right. So we fight back with Kentucky Courage™.
Over a recent 5-year period, Morgan, Collins & Yeast secured $131 million in benefits for hard-working Kentuckians hurt on the job.
When you need help deciding whether to take the weekly checks or seek a Workers’ Comp settlement—and figuring out how much it should be—give us a call.
You’ll pay no attorney fee until you win compensation.