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The compensation rate is typically equal to 2/3 (66.67%) of your weekly wages during the injured period. However, each case is unique and will vary based on the severity of injuries wages, and other factors.
You can receive a workers' comp settlement offer at any time throughout a case. However, most cases are settled within 6 months and are almost always paid out after the injured worker has reached maximum medical improvement (MMI) ? the point where a doctor has determined the injured worker has recovered.
Those who suffer from serious injuries such as brain or spinal cord injuries can expect to receive higher compensation than those who suffer from cuts, lacerations, or broken bones. Speak with one of our attorneys to better understand what you might earn from a workers' comp case.
The failure to report an injury could result in fines or even jail time. Once you submit the form, the insurer must submit a copy to the Workers' Compensation Board and accept or deny the claim within 29 days.
Indiana has kept that cap quite low compared to other states. For injuries that occurred after June 2016 (through at least 2022), the maximum average weekly wage, for purposes of determining benefits, is $1,170. That translates to a maximum TTD benefit of $780 per week.
Indiana has kept that cap quite low compared to other states. For injuries that occurred after June 2016 (through at least 2022), the maximum average weekly wage, for purposes of determining benefits, is $1,170. That translates to a maximum TTD benefit of $780 per week.
If your lump sum settlement request is approved ? The total benefits will be reduced to their present value. This is based on the assumption that a dollar you receive now has more value than one you get in the future. Compensation for pain and suffering is not allowed under Indiana worker's comp law.
Filing workers' comp claims in a timely manner is important to ensure your employees receive benefits. It can also prevent you from being fined by the state. Employees must report injuries or illnesses within 30 days if they are in an accident while on the job.