The Parties Have Reached a Settlement…Now What?
Workers’ Compensation FAQ Question #19
There are a number of ways that your workers’ compensation claim may settle – your claim may be resolved through your attorney negotiating a settlement on your behalf with the Employer/Insurance Company, or, in some instances, the parties may opt for a settlement mediation. In either event, in order for any settlement to be “official,” it must be approved by the State Board of Workers’ Compensation.
After the parties have agreed upon the financial terms of the settlement, the Employer/Insurer’s attorney will draft the settlement documents. Copies of the documents will be sent to your attorney for review. After your attorney has reviewed the settlement documents, they will likely schedule a time for you to meet with them in person to review and execute the settlement documents. After you have executed the settlement documents, your attorney will return the executed documents to the Employer/Insurer’s attorney, who will file the settlement documents with the State Board for approval. Upon receiving the executed settlement documents, the State Board will typically approve your settlement within five (5) to seven (7) business days. Once your settlement has been approved by the State Board, the Employer/Insurer has 20 days (17 days if the Insurer is located outside of Georgia) within which to issue the settlement checks.
Have you or a loved one been involved in a workplace accident? It is important that you contact an attorney who specializes in workers’ compensation in order to ensure that your rights are adequately represented. Contact the attorneys at Dan Chapman & Associates at 678-504-8564. We offer free case evaluations and collect no fees unless you win!
Meet the author, and your next workers’ compensation lawyer, Ryan A. Meighan.