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Another new video from our channel. In this video, we explore the key differences between workers comp settlements and personal injury settlements. If you've been injured at work or in a personal accident, understanding these distinctions is crucial to ensuring you receive the compensation you deserve. Let's explore this entire video. Stay tuned and subscribe to our channel. Please subscribe 🙏 / @desalvolaw
Evaluation of Cases: Personal injury cases can result in varied compensation based on what is proven in court, including medical bills, wage loss, and pain and suffering. Workers' comp cases are more likely to win but offer lower compensation based on average weekly wage and percentage of disability.
Compensation Timing: In personal injury cases, compensation is typically received at the end of the case. In workers' comp cases, injured workers often receive lost wages and medical bill payments as they incur them, providing immediate financial relief.
Approval and Oversight: Workers' comp settlements require review and approval by a judge to ensure fairness, whereas personal injury settlements do not have this judicial oversight, except in cases involving minors, disabled individuals, or deceased persons.
Attorney Fees: Workers' comp cases in Illinois have attorney fees capped at 20%, while personal injury cases often see higher fees, typically around one-third or up to 40% if litigated.
Practical Differences: Workers' comp provides easier access to medical treatment approvals and continuous income during recovery. Personal injury cases may require health insurance or finding doctors who will work on a lien basis, delaying financial compensation and treatment.
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Workers Comp Settlements Versus Personal Injury Settlements - [Call 312-500-4500]
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