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The Missouri Workers’ Compensation Chart can be used to calculate compensation settlement rates. Benefits are calculated based on an average of workers’ weekly wages. The following factors should be considered before calculating a workers’ compensation settlement:
- The type and severity of the injury
- Duration the victim is unable to work
- A calculation of the injured body parts of the victim and the specific number of weeks it will take for them to recover
- The percentage of the victims’ injuries on the body parts
- The compensation rate, which is usually 2/3 of the victim’s average weekly wage
Are There Any Caps or Limits on Worker’s Compensation Settlements in St. Louis?
In St. Louis, the average settlement for a worker’s compensation case can vary based on the severity of the workplace injury and other factors. While there isn’t a strict cap on the amount an injured worker can receive, there are guidelines that determine the compensation. For instance, permanent partial disability and permanent total disability benefits have maximum weekly rates set by the state.
The lump sum settlement an injured employee might receive can be influenced by factors such as the need for future medical care, including physical therapy and medical devices, and the potential for occupational illness. If an injured worker has a liability insurance claim or is eligible for social security disability benefits, health insurance, or medicare benefits, these can also impact the final settlement amount.
It’s essential to note that workers’ compensation settlements in St. Louis might also consider benefits from the injury fund or the second injury fund. An administrative law judge can approve additional compensation if the injured worker’s condition worsens.
Given the complexities of workers comp cases, it is best to consult with a worker’s compensation lawyer or workers compensation attorney to ensure you receive all medical benefits, weekly benefits, and other benefits you’re entitled to. The experience of a lawyer can be invaluable in navigating the intricacies of comp settlements in St. Louis.