Workmans Comp Settlement Calculator

Workman's Comp Settlement Calculator

Estimated Settlement Details:

Temporary Disability Compensation: $0.00

Permanent Partial Disability (PPD) Compensation: $0.00

Estimated Gross Settlement: $0.00

Estimated Attorney Fees: $0.00

Estimated Net Settlement (After Fees): $0.00

Disclaimer: This calculator provides an estimate based on common factors and simplified formulas. Actual settlement amounts can vary significantly based on state laws, specific case details, negotiation, and other unique circumstances. It is not legal advice. Always consult with a qualified attorney for accurate assessment of your worker's compensation claim.

function calculateWorkmansCompSettlement() { var averageWeeklyWage = parseFloat(document.getElementById('averageWeeklyWage').value); var weeksTemporaryDisability = parseFloat(document.getElementById('weeksTemporaryDisability').value); var impairmentRating = parseFloat(document.getElementById('impairmentRating').value); var futureMedicalCosts = parseFloat(document.getElementById('futureMedicalCosts').value); var attorneyFeePercentage = parseFloat(document.getElementById('attorneyFeePercentage').value); // Validate inputs if (isNaN(averageWeeklyWage) || averageWeeklyWage < 0) { alert("Please enter a valid Pre-Injury Average Weekly Wage."); return; } if (isNaN(weeksTemporaryDisability) || weeksTemporaryDisability < 0) { alert("Please enter a valid number of Weeks of Temporary Disability."); return; } if (isNaN(impairmentRating) || impairmentRating 100) { alert("Please enter a valid Whole Person Impairment Rating (0-100%)."); return; } if (isNaN(futureMedicalCosts) || futureMedicalCosts < 0) { alert("Please enter valid Estimated Future Medical Costs."); return; } if (isNaN(attorneyFeePercentage) || attorneyFeePercentage 100) { alert("Please enter a valid Attorney Fee Percentage (0-100%)."); return; } // — Calculation Logic — // 1. Temporary Disability Compensation (often 2/3 of AWW) var tempDisabilityComp = weeksTemporaryDisability * averageWeeklyWage * (2 / 3); // 2. Permanent Partial Disability (PPD) Compensation // This is a simplified model. Many states use a formula like: // (Impairment Rating / 100) * Average Weekly Wage * Fixed_Weeks_Multiplier // A common Fixed_Weeks_Multiplier for 100% impairment might be 300-500 weeks, // so for 1% impairment, it's 3-5 weeks. We'll use 300 weeks for 100% impairment as an example. var ppdComp = (impairmentRating / 100) * averageWeeklyWage * 300; // 3. Gross Settlement Estimate var grossSettlement = tempDisabilityComp + ppdComp + futureMedicalCosts; // 4. Attorney Fees var attorneyFees = grossSettlement * (attorneyFeePercentage / 100); // 5. Net Settlement var netSettlement = grossSettlement – attorneyFees; // — Display Results — document.getElementById('tempDisabilityComp').innerText = '$' + tempDisabilityComp.toFixed(2); document.getElementById('ppdComp').innerText = '$' + ppdComp.toFixed(2); document.getElementById('grossSettlement').innerText = '$' + grossSettlement.toFixed(2); document.getElementById('attorneyFees').innerText = '$' + attorneyFees.toFixed(2); document.getElementById('netSettlement').innerText = '$' + netSettlement.toFixed(2); } // Run calculation on page load with default values window.onload = calculateWorkmansCompSettlement;

Understanding Your Workman's Comp Settlement

A worker's compensation settlement is a financial agreement reached between an injured worker and their employer's insurance company to resolve a worker's compensation claim. This settlement typically provides compensation for medical expenses, lost wages, and permanent impairment resulting from a work-related injury or illness. Unlike personal injury lawsuits, worker's compensation generally does not include compensation for pain and suffering.

Key Factors Influencing Your Settlement

The value of a worker's compensation settlement is highly dependent on several factors. Our calculator considers some of the most common elements:

  1. Pre-Injury Average Weekly Wage (AWW): This is the average amount you earned per week before your injury. It's a crucial factor because temporary and permanent disability benefits are often calculated as a percentage of your AWW. For instance, temporary total disability (TTD) benefits are commonly two-thirds (66.67%) of your AWW, up to a state-specific maximum.
  2. Weeks of Temporary Disability: This refers to the total number of weeks you were unable to work due to your injury and received temporary disability benefits. The longer you are out of work, the higher this component of your settlement will be.
  3. Whole Person Impairment Rating (WPI or PIR): After you reach Maximum Medical Improvement (MMI), a doctor may assign you an impairment rating, expressed as a percentage. This rating reflects the permanent loss of use of a body part or the body as a whole. This percentage is then used in state-specific formulas to determine Permanent Partial Disability (PPD) benefits. Our calculator uses a simplified multiplier (300 weeks for 100% impairment) to estimate this component.
  4. Estimated Future Medical Costs: If your injury requires ongoing medical treatment, medication, physical therapy, or even future surgeries, these anticipated costs can be a significant part of your settlement. This often involves a medical expert's projection of lifetime care needs.
  5. Attorney Fee Percentage: Most worker's compensation attorneys work on a contingency basis, meaning they only get paid if you win your case. Their fees are typically a percentage of your gross settlement, often ranging from 15% to 33.3%, depending on state law and the complexity of the case.

How the Calculator Works (Simplified)

Our Workman's Comp Settlement Calculator provides an estimate by combining these key components:

  • Temporary Disability Compensation: Calculated as 2/3 of your Pre-Injury Average Weekly Wage multiplied by the Weeks of Temporary Disability.
  • Permanent Partial Disability (PPD) Compensation: Estimated by multiplying your Whole Person Impairment Rating (as a decimal) by your Average Weekly Wage and a simplified multiplier (300). This multiplier represents a common number of weeks of benefits for 100% impairment in some jurisdictions.
  • Gross Settlement: The sum of your Temporary Disability Compensation, PPD Compensation, and Estimated Future Medical Costs.
  • Attorney Fees: A percentage of the Gross Settlement, based on your input.
  • Net Settlement: The Gross Settlement minus the Attorney Fees, representing the estimated amount you would receive.

Important Considerations and Disclaimer

It's crucial to understand that this calculator offers a simplified estimate. Worker's compensation laws vary significantly by state, and many other factors can influence a settlement, such as:

  • The severity and nature of your injury.
  • Your age and occupation.
  • Whether you can return to your previous job or need vocational rehabilitation.
  • The specific state's maximum and minimum benefit rates.
  • The strength of medical evidence.
  • The negotiation skills of your attorney.
  • Any pre-existing conditions.

This calculator is not a substitute for legal advice. For an accurate assessment of your worker's compensation claim and potential settlement value, it is highly recommended to consult with an experienced worker's compensation attorney in your state. They can provide personalized guidance based on the specifics of your case and local laws.

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