Which settlement option is most commonly used in Workers Comp. Claims?

The most commonly used settlement option in Workers' Compensation claims is a Scheduled Release Settlement. This type of settlement involves a structured approach where compensation is paid out at predetermined intervals, often corresponding to the claimant's ongoing medical treatment or rehabilitation needs.

Scheduled Release Settlements are particularly beneficial in Workers' Comp claims because they offer both the injured worker and the insurance carrier a degree of predictability and control over the payment process. This approach alleviates the potential for a lump-sum settlement that might not address the ongoing needs of the injured party over time, such as future medical expenses or loss of income.

By implementing a Scheduled Release Settlement, claimants can receive regular benefits while ensuring that their medical needs are continuously met. This structure can also help to minimize disputes over future claims, as payments are designed to align with the established treatment plan and recovery timeline.

In contrast, other settlement options like Full Release Settlements typically involve a one-time payment that closes the claim, which may not consider future medical needs. Structured Settlements often pertain more to personal injury claims rather than Workers' Comp, while Advance Payment Settlements usually deal with upfront payments rather than a comprehensive plan for ongoing support. Therefore, the Scheduled Release Settlement stands out as the preferred method in