Still Receiving Treatment? Consider This Before Settling Your Workers’ Comp Claim

For injured workers hoping to settle a Colorado workers’ compensation claim before the end of the year, one of the most important considerations is whether the claim is actually ready to be settled.

If you’re still receiving medical treatment, it may be difficult to fully understand your future medical needs. Medical records, physician opinions, treatment history, prognosis, and potential permanent impairment can all be important when evaluating a settlement.

A Settlement Should Be Based on Your Needs—Not the Calendar

A year-end resolution can be appealing, but rushing into a settlement simply to meet a December 31 goal could have consequences. Your attorney may need to determine whether your condition has stabilized enough to evaluate your claim and whether additional treatment or other benefits should be considered.

Once negotiations begin, reaching an agreement may also take time. The insurance company may make an offer that requires further negotiation, and settlement paperwork must be completed before the case is finalized.

Working with a Colorado workers' compensation attorney early in the process can give you more time to evaluate your options and make an informed decision.

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Start the Conversation Early

If you’re considering settling your workers’ compensation claim before the end of the year, don’t wait until the last minute to explore your options. We can review the circumstances of your claim and help you understand whether pursuing a settlement is appropriate. Schedule your consultation today!

Planning for a Year-End Workers’ Comp Settlement? Start Early

If you’re hoping to resolve your workers’ compensation claim before the end of the year, it’s important not to wait until December to begin the process. Settlement negotiations can take time, particularly when medical records, future treatment needs, permanent impairment, lost wages, and other issues still need to be evaluated.

Starting several months in advance can give you and your attorney more time to determine whether your claim is ready for settlement and negotiate with the insurance company without the pressure of an approaching year-end deadline.

Why Timing Matters

Before settling a claim, it’s important to have a clear understanding of your injury and potential future medical needs. If you’re still receiving significant treatment, it may be too early to determine whether settlement is appropriate.

Once your claim is ready, negotiations may involve multiple offers and counteroffers before an agreement is reached. Settlement documents must also be prepared, reviewed, and completed before the case can be finalized.

An experienced Colorado workers' compensation attorney can help you evaluate your claim and determine whether pursuing a year-end settlement makes sense for your circumstances.

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Don't Rush an Important Decision

While resolving a workers’ compensation case before December 31 may be your goal, the calendar shouldn’t determine whether you settle. It’s important to understand what benefits you may be giving up and whether the proposed settlement adequately addresses your circumstances.

If you’re considering a year-end workers’ compensation settlement, we can help you understand your options and determine what steps may be appropriate for your claim. Schedule a consultation today!