Negotiating Settlements
At Oktanyan Law, we specialize in helping injured workers in California obtain the maximum possible compensation for their injuries. An essential part of this process is negotiating settlements with insurance companies.
What is a settlement?
A settlement is a legal contract that resolves a workers’ compensation case. In a settlement, the injured worker agrees to a sum of money in exchange for waiving their right to file a claim in the future.
When should a settlement be negotiated?
Negotiating a settlement is personal and should be made in consultation with an attorney experienced in workers’ compensation cases. In general, a settlement may be a good option if:
- The injured worker needs money quickly to cover medical and living expenses.
- The injured worker wants to avoid the uncertainty and stress of a trial.
- The parties agree on the amount of compensation to be paid.
How is a settlement negotiated?
Negotiating a settlement is a complex process that requires experience and skill. An attorney from Oktanyan Law can help you:
- Evaluate the value of your case.
- Prepare a strong claim.
- Negotiate with the insurance company on your behalf.
- Obtain the maximum possible compensation for you.
Tips for negotiating a settlement:
- Prepare yourself. Before starting negotiations, ensure you and your attorney fully understand the value of your case.
- Be realistic. Don’t expect to get more than your case is worth.
- Be flexible. You must be willing to make concessions to settle.
- Don’t give up. Feel free to negotiate if you are unsatisfied with the insurance company’s initial offer.
Negotiating a settlement can be an effective way to resolve a workers’ compensation case. Contact Oktanyan Law to speak with an experienced attorney if you’re considering negotiating a settlement.
We will help you obtain the maximum possible compensation for your injuries.