If you suffer an injury at work, then you very likely have the right to claim workers’ compensation for it. Most employers are required to hold insurance to cover this, and most employees are covered under their plan.
It sounds simple, right? So simple that you might not give a second thought to saying yes if the insurer promptly gets back to you and tells you that they will be transferring a specific amount of money to you.
Some offers are far below what they should be
While an offer might seem generous, and a speedy resolution might be appealing, it is always worth stepping back to consider whether the offer is for the full amount you should be entitled to. Insurers are in business to make money, and restricting the amount they payout can help them do so. Employers may also be keen to restrict the sum of money employees claim against their insurer, to try and keep their premiums down.
Before you accept, you must do two things. Firstly, be sure you understand the full extent of your injuries and the prognosis for recovery. Even a mild underestimation of the severity of the consequences an injury will have on your life could prove costly to you.
Secondly, learn what you could be entitled to receive. Legal guidance can be of great help here, and it can also increase the chance you actually get that amount. However nice your employer may be about things, and however helpful their insurer may be, there is too much at stake to leave it all to them. You need someone to help you who will put your best interests first, rather than someone who has one eye on their own interests.