Once you've reached maximum medical improvement (MMI) and the insurance company insists your injuries are as good as they're going to get, it's time to settle with them. Buyer beware: the insurance company may not be looking out for your best interests when it comes time to settling your workers' comp claim.
I base that assumption on more than 10 years of experience representing workers' compensation clients, many of whom saw firsthand the lowball compromises some insurance companies have been known to offer.
Insurance Companies are Profit Driven to Increase Their Bottom Line
Most insurance companies are for-profit companies. They have shareholders to answer to. Among the many ways they seek to increase profits to satisfy shareholders is to pay out less money on claims than they take in on premiums.
In order to pay out less on claims, my experience has been that they tend to try to limit their payments in any way possible - including denying, delaying, and limiting the amounts of workers' compensation claims and medical benefits. They have hundreds of people who compute complex equations called algorithms, and employ data analytics spreadsheets that run pages and pages of figures to determine the least amount of money they can pay you.
Even if you have the friendliest adjuster in the world, how can he or she compete with that?
I've seen some insurance company representatives manipulate when checks are mailed, deny medical treatment, or come settlement time, try to shirk that financial responsibility too.
That's not right. Plain and simple.
Many clients come to us to help sort things out after they've been surprised to learn that the company they trusted did not have their best interests in mind after all.
An Experienced Attorney May Be Able To Help You Reach a Fair Settlement
If you are worried about a fair settlement, here's why I recommend you consider allowing the Law Offices of James Scott Farrin to help you determine if you have a claim.
We can help you determine your options. A settlement means you're one step closer to getting back control of your life from the insurance company. Yet it also means you're responsible for your own future medical treatment for your injury, in most situations. You need to make sure you are covered and have a plan regarding access to future medical treatment.
We handle insurance claims all day, every day. The insurance company handles claims all day, every day. So do we. This may be the only claim you've ever dealt with. An experienced workers' compensation attorney can provide you information you need to help level the playing field.
We know worker's comp laws inside and out. But don't just take our word for it. In a peer-reviewed survey, the Law Offices of James Scott Farrin was named a Tier 1 firm (the highest ranking) for Workers' Compensation in the Greater Raleigh Metro area by U.S. News - Best Lawyers® "Best Law Firms" in 2016*.
Our attorneys are experienced negotiators. A settlement can affect you and your family's finances and lives for years to come. It is vitally important to make sure you come away from settlement with as much as possible for future medical expenses. If you tackle a settlement without experienced representation you are "going in blind" to a negotiation that is extremely important to you and everyone around you.
In any complex legal situation, such as a worker's compensation claim, it is prudent to seek out as much information as possible about all options available under the law. Contact our firm for a free case evaluation to determine if our legal team can help.
Our workers' comp staff at the Law Offices of James Scott Farrin, is comprised of six North Carolina Board Certified Workers' Compensation Specialists, a former Special Deputy Commissioner and a former Deputy Commissioner from the North Carolina Industrial Commission, (one of whom was a former state senator), and others who used to work for workers' compensation defense firms. Click here for a free case evaluation or call us at 1-866-900-7078.
* Visit www.bestlawfirms.usnews.com for more information about criteria for inclusion.