How long after a workers’ comp settlement do I get paid?

A workers’ compensation claim often results in a settlement, paid to you once it is approved. However, you may ask, “How long after workers’ comp settlement do I get paid?” Numerous factors play a role in this, but in general, you should receive compensation within 7 to 14 days of the agreement being reached.

If you are facing any type of workers’ compensation settlement, meet with a Chicago workers’ compensation attorney to not only speed up the process but to ensure you are receiving fair benefits for the losses you have incurred. We offer free consultations at Horwitz, Horwitz & Associates.

person receiving a workers compensation check after wondering how long after a workers comp settlement to get paid.

What is the process of getting a workers’ compensation settlement in Illinois?

When you are hurt on the job, your priority is to get care and alert your employer or manager to what occurred. You will file a claim, and in situations where that claim is refuted, there is a process to resolve disagreements. Ultimately, this leads to a settlement agreement. Once both parties agree on the settlement amount, the Illinois Workers’ Compensation Commission must then approve it.

The organization will hire an arbitrator to review the case. They will determine if the settlement contract is fair and reasonable under the law. More so, they ensure there are no mistakes in the math within that settlement nor any type of clerical error that could skew the outcome.

The arbitrator may send the contract back to both parties if they find concerns or want the language to be more specific, potentially delaying the process. Once the settlement is approved by the arbitrator and signed by all parties, it is then scheduled for payment. Most of the time, you can expect to receive compensation within 14 days.

How are workers’ comp settlements paid out?

Once an agreement is put in place, the workers’ comp settlement is paid out to those listed as beneficiaries based specifically on the requirements within the agreement. In most cases, this means you will receive a lump sum payment for the total amount owed to you. Other times, you may receive installment payments over time.

Note that if others have a lien on any part of that settlement, that may be paid out first. For example, your attorney’s fees and any other legal costs may be paid out before you receive the remaining funds from the settlement. You should know about any of these requirements prior to signing the service agreement with your lawyer, and they should be outlined clearly in the contract.

How can our workers’ compensation attorney help you with your settlement payment?

Utilizing the support of a workers’ compensation attorney enables you to:

  • Ensure you are getting fair compensation to the maximum allowable about
  • Minimize delays commonly associated with the process due to mistakes
  • Be educated and well-represented when you or others have questions about your claim

With the help of a workers’ compensation attorney, you also will understand each step in the process, including when you can expect your claim to be paid out. In some situations, these claims can take months to be fully approved and settled, but working with an agent can help you keep the case moving forward.

Set up a free consultation with our workers’ compensation attorney for help.

When you have questions such as “How long after workers’ comp settlement do I get paid?” you need fast and reliable answers. Contact Horwitz, Horwitz, and Associates to learn how we can help you. Set up a free consultation with our Chicago workers’ compensation attorney by calling (800) 985-1819 to discuss your case.