Il Workers Compensation

So an average case will take around 12 months, but it's not unusual for a case to take three or more years. In some cases, you want to settle, but the insurance company won't.

Usually it takes 4 to 8 weeks from when you reach a settlement agreement through direct negotiation or mediation to get your workers compensation settlement money.

1. Scheduled injury. Illinois law allows for a maximum number of weeks of compensation available for various body parts.Using this method, an employee determines total compensation by multiplying 60% of their average weekly wages by the number of weeks allotted for the body part injured.

The statute of limitations for filing claims in Illinois is three years from the date of the accident or two years from the last date of payment of compensation wherein he has been paid, whichever shall be later.

In 1911, the Illinois Workers' Compensation Act was enacted by the Illinois legislature to provide financial protection through the payment of specified benefits, to any worker who sustains an on-the-job injury.These benefits are provided at no cost to employees.

You usually get paid within 30 days of the date that happens and the approved contract is sent to the insurance company and in reality it's typically less than two weeks. There is no law about when it has to be paid, but more than 30 days would be odd.

The worker's compensation insurance company is required by law to pay you certain benefits. They are not allowed to stop paying those benefits unless you are returned to health or certain other factors are met.

Illinois law requires employers to provide workers' compensation insurance for almost everyone who is hired, injured, or whose employment is localized in Illinois.An employer that knowingly and willfully fails to obtain insurance may be fined up to $500 for every day of noncompliance, with a minimum fine of $10,000.

There are a variety of factors that go into how much an employee gets in a workers comp settlement. Overall, the average employee gets around $20,000 for their payout. The typical range is anywhere from $2,000 to $40,000.