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.
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!
