Ohio Workers Compensation Settlements
Should I try to settle my existing Ohio Workers Compensation Claim?
Ohio's system of workers compensation provides several benefits for injured employees. Many employees have old claims, for which they have not received benefits for several years. Additionally, at some point your right to receive benefits under the system will expire. But did you know that you may be able to reach a settlement on that claim for a one time payment?
The Ohio Bureau of Workers Compensation is currently attempting to settle many existing compensation claims. Certain law firms which focus on this area of the law will even offer a no fee initial consultation to review the opportunities which may be available regarding your claim.
Why would the Ohio BWC and Industrial Commission want to resolve these old claims?
Whether or not you have received any payments on your claim for several years, it still remains on the books of the Bureau of Workers Compensation. Therefore the state would like to settle these claims in order to reduce the amount of money that they need to keep in reserve to possibly pay on these claims in the future.
Fast Track Settlements
The Ohio BWC has recently instituted a "fast-track" settlement program in order to get some of these older claims off the books. Under the fast-track process, claims which meet certain conditions are eligible to be settled more quickly than in the past. In addition, only certain law firms are authorized to handle these types of settlements.
If you are one of the many Ohio workers who has an old claim, it would definitely be to your benefit to contact an attorney to review your claim. A competent lawyer may well able to generate you some much needed income on what you believe is a stale claim.
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