The Benefits of Settling Your Ohio Compensation Compensation Claim

Should I attempt to settle my old Ohio Workers Compensation Case

Ohio's system of workers compensation provides many benefits for injured employees. Many employees have old claims, for which they have not received benefits for many years. In addition, eventually your right to receive workers compensation benefits under the system will expire. But are you aware that you can settle out that claim for a lump sum payment?

The Ohio Bureau of Workers Compensation is currently attempting to settle many old workers compensation claims. Many lawyers who focus on workers compensation will even offer a no fee initial meeting to review the options which are available regarding your claim.

Why would the Ohio BWC want to settle your old claims? Whether you have received any payments on your workers compensation claim for many years, it still stays on the accounts of the Ohio BWC. Therefore Ohio is trying to settle out these claims in order to reduce the amount of money that they need to hold in reserve to pay on your case down the line.

Fast Track Lump Sum Settlements The Ohio BWC has recently instituted a "fast-track" settlement program in order to get many of these older claims off the accounts. Under the fast-track program, claims which meet certain conditions may be eligible to be settled more quickly than in the past. Additionally, only certain law firms are authorized to make these of settlements.

If you are one of the many Ohio workers who has an old workers compensation claim, it would surely be to your benefit to call a workers compensation lawyer to review your case. A competent lawyer may well be able to generate some much needed income on what you believe is a stale workers compensation claim.

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