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How Long After A Workers Comp Settlement Will I get Paid?

Posted by James Aspell | Nov 28, 2023 | 0 Comments

The timeline for receiving payment after a workers' compensation settlement can vary depending on several factors. Once you have reached a settlement agreement with the insurance company, there are a few steps that typically follow before you receive your payment. Firstly, there may be statutory requirements regarding the timeline for payment. In some cases, if the insurance company fails to make the payment within a specified period, there might be penalties imposed. It is important to be aware of any such statutory provisions that may exist in your jurisdiction. Following the settlement, the actual payment process begins. This can take some time as various administrative procedures need to be completed. Your attorney will typically handle the necessary paperwork and submit it to the insurance company. They will ensure that all the relevant documents are properly filed and that any required legal formalities are fulfilled. Additionally, the insurance company may need to conduct its own internal review before releasing the settlement funds. They may review the settlement agreement, verify the details, and ensure that all necessary documentation is in order. This review process can contribute to the overall timeline for receiving your payment. Furthermore, the severity of your injury can also impact the duration of receiving your settlement payment. If your injury is considered serious, the settlement process may take longer. This is because more extensive negotiations and evaluations might be required to determine the appropriate compensation amount. Throughout this entire process, it is essential to maintain open communication with your attorney. They will keep you updated on the progress of your settlement and provide guidance on what to expect and any potential delays. Your attorney should be on your side, ensuring that your best interests are represented and advocating for a fair settlement on your behalf. In conclusion, the timeframe for receiving payment after a workers' compensation settlement can vary. It could range from a matter of weeks to potentially several months, especially in cases involving serious injuries. It is crucial to stay in contact with your attorney, as they will guide you through the settlement process and help you understand the estimated timeline for receiving your payment.

About the Author

James Aspell

Principal since August 1, 2006 James F. Aspell is the principal and managing attorney of the firm which he started in 2006 following 20 years of litigation practice in a mid -size firm in Hartford, Connecticut. Jim focuses his practice in the areas of worker's compensation and personal injury l...

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