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5 Must-Know Facts About a Workers Comp Settlement

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5 Must-Know Facts About a Workers Comp Settlement

Do you think it’s impossible to get a workers comp settlement? It may feel that way because the process is long, frustrating, and you could end up fighting a denied claim.

There’s a lot that you need to know about workers comp settlements and how the process works. That will help you be prepared to get the settlement that you’re entitled to.

Read on to get the facts about workers comp and settlements.

1. State Laws Vary

There isn’t a federal policy that governs workers compensation. That’s done at the state level. As you can probably guess, state laws vary from state to state.

Most states require employers to have workers compensation insurance when they hire their first employee. Texas is one of the few states that doesn’t require employers to carry workers comp insurance.

If your employer does have workers compensation, then you need to go through that program to claim benefits. If your employer doesn’t carry benefits, you have the right to sue them. You’ll need to get more information to find out how to proceed in a workers compensation case in Texas.

2. Timing Is Everything

Not only do workers compensation cases have laws according to the individual state, but each state has its own set of deadlines.

This is known as the statute of limitations. There are statutes of limitations on how much time you have to report your injury and file a workers compensation claim.

The timeline to report your case ranges from as soon as the injury occurs to 90 days. You then typically have 2 years to file a workers compensation claim.

You should take the time to learn the statute of limitations in your state. If you miss a deadline, you will not be able to recover a settlement.

3. Types of Workers Compensation Settlements

When you get a settlement offer, you’re going to get either a lump-sum settlement or a structured offer. Knowing the difference between the two can help you make the right choice.

A lump-sum payment is when you receive your settlement in one payment. A structured settlement is an amount of money paid out in disbursements.

For example, if your settlement is for $40,000, you can get that money at once in a lump sum. It could be structured so you get $8,000 a year over five years.

You may decide to take a lump-sum payment because you have a backlog of bills to pay for. Many take a lump-sum because they want to be done with the process.

There are tax considerations, too. You should talk to an attorney or accountant before you make that final decision.

4. It Can Take a While to See a Workers Comp Settlement

How long does it take to see a settlement check? It may feel like a lifetime to finally reach an agreement with the insurance company and your employer.

You still have to finalize the agreement and the workers comp settlement has to be approved by a workers compensation judge.

At that point, the insurance company still has to cut the check, which can take a while.

You can expect that it takes 1-2 months from the settlement agreement to finally get paid. The timeline partially depends on your location and the insurance company.

5. It Pays to Hire an Attorney

Since you’re dealing with the insurance company on your own, they’re likely to assume that you don’t know what you’re legally entitled to.

They’re also more likely to deny your claim. A workers compensation attorney can convert your denied claim into money. That happens 70 percent of the time.

Not only that, but an attorney can get more money for your claim than you can get on your own. Insurance companies are likely to offer a settlement that doesn’t align with your financial need. An attorney can get more money for you and get the settlement that you deserve.

What if you don’t have the funds available to hire a workers compensation because you used your financial resources to pay your bills?

Workers compensation lawyers mostly work on a contingency basis. They get paid when you receive a settlement. How much they receive depends on how complex your settlement is.

Attorneys usually get between 10-20% of your settlement. State have caps as to how much an attorney can receive and they have to be approved by the judge overseeing your case.

How to Hire a Workers Compensation Attorney

What do you need to do to hire a good workers compensation attorney? You can start by asking for recommendations and referrals.

You can also look online for a workers comp attorney. You’ll find plenty of options in your area. Most offer a free consultation, where they ask you to bring documents and information related to your case.

They’ll ask you questions and tell you if you have a case or not. Be sure to ask an attorney about their experience with workers compensation cases.

You should ask about recent successes and the average settlement of their cases. That will tell you that they do good work for their clients.

Of course, you want to ask about their fee and if there are additional fees related to your case. They could charge for things like office resources and expert interviews.

Finally, you want to be comfortable with the attorney. They should be personable and transparent about your case.

Workers Comp Facts About Settlements

Do you feel like you’re able to take on the insurance companies on your own? While you are armed with important information about your workers comp settlement, you should work with an attorney.

That’s the best way to recover financially because your employer and their insurance company will fight your claim. You can make sure you do your part by reporting the injury and filing your claim within the statute of limitations in your state.

Head over to the Law section of this site for more legal insights.

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Law

Why Does Your Partnership Firm Need a Corporate Attorney?

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Why Does Your Partnership Firm Need a Corporate Attorney

Most people start a partnership firm with the expectation of a longer life. But most partnerships are prey to disputes leading to the dissolution of the firm. Like other relationships, there is a high probability of partnerships coming to an end. The main reasons for a dispute can be finances, disagreement in profit sharing ratio, business insolvency, etc.

If sustainability in a partnership firm is an issue, you need a corporate attorney. The attorney must settle down the disputes between the partners and continue the firm operations like before. An experienced attorney like Matthew J. Tharney can catch the nerves of the dispute and save the partnership from dissolution.

No matter how strong your partnership deed is, there comes a time when you need a partnership attorney. Ever thought of knowing the reasons behind partnership deed failure? Why do you need an attorney for dispute settlement when your partner and you decided to conduct business with legal and moral values?  From disagreement in clauses to a financial dispute, here are some reasons you need a corporate attorney.

Expulsion of the Other Partner
Sometimes a partnership comes to a failure mode because of the other partner’s actions. A partner can expel another partner or partners if they are found:

  • Convicted in a crime.
  • If a partner voluntarily wants to discontinue.
  • Professional misconduct with another partner.
  • Any breach of the partnership act.

Also, unanimous voting can be done for the removal of the partner. These reasons directly affect the trust factor in partnership. The legal attorney after examining the case, decide and discuss with partners regarding the expulsion of the partner.

Disagreement on Business Decisions:
Since it is a partnership business, every decision taken should be 100% agreed upon by the partners. Often disputes arise due to differences in methods of operating business. Some dispute related decisions can be like:

  • Effective utilization of business resources.
  • Decision-making authority.
  • How to distribute and use business profits.

Any disagreement on business decisions or profits becomes the basis for the commencement of disputes between partners. When such disputes are out of control, the corporate attorney has to intervene for solutions and decisions. In such cases, you need experienced attorneys like Matthew J. Tharney who can handle your case easily without any hassles.

Any Breach of Contract
Partnership businesses enter into different contracts and agreements to manage their operations smoothly. Partners are legally bound to follow every clause of the contract. Any partners who breach contract terms are liable for the legal outcomes. In this case, an attorney can help you in dispute resolution and brings partners to reach any amicable decision/solution for any breach.

What Governs a Partnership Business?
A partnership deed or partnership agreement is the legal document governing the partnership business. Whatever the disputes are, the agreement and clauses are the final decision.

Do you own a partnership business? Want legal help to resolve disputes? Remember, it’s the legal corporate attorney that can help you in such cases. Contact a corporate attorney as your partnership firm needs their help. Save your business before it is dissolved with losses.

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4 Signs To Look For In Your Personal Injury Attorney

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4 Signs To Look For In Your Personal Injury Attorney

If you were recently involved in an accident that occurred due to someone else’s error, seek compensation. You have the legal option to obtain compensation for the expenses you have paid.

Medicine costs, hospital bills, and other wages can be tough to manage, which is why receiving compensation can be beneficial. However, dealing with injury cases in Los Angeles and other states of America is not easy. The process is quite time-consuming and costly. The best choice is to hire a Los Angeles personal injury attorney.

When you employ an injury lawyer, you benefit from someone with experience who is familiar with the law. Furthermore, they are aware of the steps and documentation required to get our just compensation. However, there are several essential signs to look for in a lawyer during the hiring process.

The following are the four warning signs to be aware of:

  1. Experience In Injury Cases

Many people opt for experienced lawyers but often overlook the importance of hiring a lawyer who is familiar with their situation. Personal injury attorneys are not the same as lawyers that handle financial, criminal, or other types of disputes. Your attorney should be experienced in dealing with personal injury claims.

Hiring someone who has handled accident claims before will bring various advantages. Furthermore, the lawyer will have a greater awareness of the procedures to file a compensation claim.

  1. Experience In Similar Kind of Cases

Having a personal injury lawyer on your team does not mean you’ve chosen the best person for the job. Because the field of injury law is so broad, it’s critical to select someone who has handled cases similar to yours. Few lawyers have dealt with medical negligence claims, and even fewer have worked with car accident cases.

However, you should check with your lawyer during the hiring process to confirm their expertise with cases similar to yours.

  1. Better Communication Skills

It is critical to find a personal injury lawyer with excellent communication abilities. Better consultation communication can help you figure out if you’re hiring the correct person or not.

Hiring a lawyer with great communication skills can help you determine whether or not they will aggressively argue your case. Furthermore, will keep you informed about each hearing and the case’s development.

A lawyer with no strong communication skills can negatively affect your case.

  1. Track Record

Remember to look into a lawyer’s track record before hiring them. Examine the results of the cases he has fought and won. This will assist you in determining whether or not the lawyer is qualified.

Even though a track record means nothing and does not ensure success, it does provide a sense of satisfaction.

Final Comments

The qualities to look for in a personal injury attorney vary depending on the area of expertise. However, these are the basic signs to check for in a lawyer.

It is not the right choice to continue with a lawyer who lacks any of the qualities. The results can be against you, so it is necessary to hire someone who doesn’t lack any of the qualities.

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Law

5 Ways Motorcycle Injury Lawyers Can Help You

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In 2018 there were 82,000 motorcycle injuries and 5,000 deaths.

When you or a loved one is involved in a motorcycle accident, you’ll feel that you have a right to compensation. The only challenge is that you’re not sure whether to hire motorcycle injury lawyers. Some people will claim that these attorneys are ambulance chasers, and you should avoid them.

However, this is terrible advice, and you should ignore it.

Keep reading to learn the five ways motorcycle injury lawyers can help you.

  1. Help Knowing Whether You Have a Case or Not

After a motorcycle accident, many people assume that they automatically qualify for compensation. However, this is rarely the case; the insurance company must investigate what caused the accident. So, it’s a waste of time and money to seek compensation when you don’t have a case.

That’s why before you file the motorcycle injury lawsuit, it’s wise to consult an attorney. You want to find a qualified motorcycle accident lawyer who’ll guide you to know whether you have a case or not.

  1. Legal Guidance on How to File a Motorcycle Accident Claim

Errors in the motorcycle injury claim paperwork lower the chances of receiving compensation. That’s why you need to find a legal expert who’ll guide you know the right way to handle the lawsuit paperwork. You want to ensure you provide all material documents to increase the odds of receiving compensation.

  1. Help Determining the Value of Your Claim

After a motorcycle accident injury, many victims have a hard time deciding how much money they should receive compensation. That’s why these people accept the first offer they receive and later regret it as the money isn’t enough to cover all damages. To avoid this problem, consult a licensed motorcycle injury lawyer on the value of your claim.

You want to get professional help quantifying damages such as emotional suffering and physical pain.

  1. Assistance Gathering Evidence to Support Your Claim

After a motorcycle accident, it’s impractical to expect the liable party to compensate you without a fight. Understand that you have the legal obligation of proving the claim to receive compensation. So, to get help gathering the evidence, you need to fight for fair compensation seek the help of the top motorcycle accident attorney.

  1. Help Expediting the Claim and Compensation Process

Many victims don’t realize that without professional help, it may take years before they receive compensation for the motorcycle accident injuries they suffered. So, these people are forced to pay out of pocket for treatment and other damages. To expedite this process and get compensated fast, seek the services of a competent motorcycle accident injury lawyer.

Hire the Top Motorcycle Injury Lawyers to Get Fair Compensation

To boost your odds of receiving fair compensation, seek the help of the top motorcycle injury lawyers. You want attorneys who’ll advise you on the value of your claim and help you gather evidence to support it. Besides, you’re looking for a lawyer who’ll help you receive compensation quickly.

For more amazing Law content, please check out our other blog posts.

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