How much for a workers comp settlement???

Question

I was asked to "come up with a figure" for my workers comp claim for a settlement. I know everyones gonna say "talk to a lawyer", but let's not include that for this discussion. Is there a "formula" that I should go by, like my "healthy" yearly salary times x amount plus y??? How do I come up with a figure that is reasonable, Im sure whatever I ask for will be countered with a lowball offer and followed by a bunch of haggling, but what should I consider when making my initial offer?

Answer 1

You don't detail your situation and what injury you suffered.

Answer 2

What happened?  How were you injured?  Was it negligence on employers part, your part, or dumb luck?

Answer 3

In regards to Illinois you need to go to the Illinois Workers compensation commission and look up their guidelines.  Although, keep in mind that Illinois is the most generous state in regards to the employee.  You could probably look up the commission in your state and find the information on their website because it is public knowledge.  This is what I copied off the Illinois Workers compensation commission web site, but your state could be different.   Figure your weekly salary and calculate from there

Thumb: from 70 weeks to 76 weeks

First, or index finger: from 40 weeks to 43 weeks

Second, or middle finger: from 35 weeks to 38 weeks

Third, or ring finger: from 25 weeks to 27 weeks

Fourth, or little finger: from 20 weeks to 22 weeks

Great toe: from 35 weeks to 38 weeks

Each toe other than the great toe: from 12 weeks to 13 weeks

Hand: from 190 weeks to 205 weeks

Arm: from 235 weeks to 253 weeks

Amputation above elbow: from 15 additional weeks to 17 additional weeks

Amputation at shoulder joint: from 65 additional weeks to 70 additional weeks

Foot: from 155 weeks to 167 weeks

Leg: from 200 weeks to 215 weeks

Amputation at leg above knee: from 25 additional weeks to 27 additional weeks

Amputation at hip joint: from 75 additional weeks to 81 additional weeks

Eye: from 150 weeks to 162 weeks

Enucleation: from 10 additional weeks to 11 additional weeks

Hearing Loss:

One ear: from 50 weeks to 54 weeks (Workers' Compensation Act)

Both ears: from 200 weeks to 215 weeks

t******e: from 50 weeks to 54 weeks

Both testicles: from 150 weeks to 162 weeks