This is one of the official workers' compensation forms for the the state of North Carolina
North Carolina Application for Lump Sum Award for Workers' Compensation
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FAQ
Most workers' compensation cases settle at some point during the litigation process.While in other cases, the effects from the injury continue to linger and at some point the injured worker, the work comp insurer, or both, decides to reach a settlement.
Generally, it will take 4-8 weeks from the time the agreement is reached until there is money in your hands. Once the settlement is reached, the employers' attorney will need to draft the settlement contracts.
Do all worker's comp cases end in a settlement? Most worker's compensation cases end in a settlement, meaning the insurance company offers either a lump sum of money or weekly payments for a specified period. The money may cover: Past and future medical care.
Get your weekly disability check started, if you're not receiving it already. Maximize your weekly benefit check. Report all super-added injuries. Seek psychological care, when appropriate. Seek pain management care, when appropriate. Don't refuse medical procedures. Be very careful what you tell the doctor.
When it is all said and done, if you wish to settle your case, your workers' comp settlement should be a fair compromise whereby you give up your rights to receive continued ongoing benefits for your workers' compensation claim in exchange for a one-time payment representing a percentage of what those continued
In most workers' compensation cases, the insurance company will offer a full and final release of liability settlement. Taking this offer will settle your workers comp claim for good and you will not be permitted to receive any further benefits, file any new lawsuits (Petitions for Benefits), or appeal your case.
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.
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.
If you've been injured as a result of your work, you should be able to collect workers compensation benefits.Your employer or its workers' comp insurance company does not have to agree to settle your claim, and you do not have to agree with a settlement offer proposed by your employer or its insurance company.