How to Calculate Workers' Compensation Settlements

Getting injured on the job can be a life-changing event. Suddenly, you're faced with medical bills, lost wages, and a long road to recovery. That's where workers' compensation comes in – it's designed to provide you with financial assistance and support during this difficult time. But how do you calculate your workers' comp reward or settlement? 

When you're injured on the job, the first step is to see a doctor. After your treatment, the doctor will assign a disability rating, which represents how severely your body has been damaged and how it will affect you going forward. This percentage will then be applied to a number of weeks assigned to each part of the body.

To calculate your workers' comp settlement or reward, your disability rating is multiplied by the number of weeks for the body part that was injured. That resulting number is then multiplied by your permanent partial disability rate, which is roughly 2/3 of your average weekly wage. If you're totally disabled and unable to work, the calculation will look different.

When dealing with workers compensation cases, we use a spreadsheet to help clients calculate their expected settlement or award. For example, if you injured your back and your permanent partial disability rate is $500, a disability rating of 45% would result in an expected settlement of $90,000. If your disability rating is lower, such as 10%, your expected settlement would be $20,000. 

We understand that the workers compensation process can be overwhelming and confusing. That's why we're here to help you every step of the way. Our team of experienced attorneys will fight for your rights and ensure that you get the compensation you deserve. Don't let an injury on the job derail your life. Contact the Law Office of Matt Uhrig today and let us help you get back on your feet.