What is the average worker's compensation settlement?

Answer

According to the United States Social Security Administration, the average worker's compensation payout was equal to $1.16 for each $100 of income earned in the year 2002, the most recent year for which such statistics are available.

Worker's compensation claims vary greatly from one case to the next, and most attorneys caution that even similar cases may have vastly different settlements. Previous to the implementation of worker's compensation programs, injured employees had few avenues for recourse. Ultimately, the only option for such workers was to file a lawsuit against their employers. Worker's compensation programs derive their funding from employers though some economists argue that employees actually pay the bill in the form of lower wages.

Reference:
Q&A Related to "What is the average worker's compensation settlement..."
what is the average settlement for a severe arm injury.
http://wiki.answers.com/Q/What_is_the_average_work...
1. Assess the amount of damages the victim has because of the accident. Keep in mind that if a worker dies or sustains a lifelong injury through the event, you need to plan to pay
http://www.ehow.com/how_6888298_calculate-worker_s...
Workers comp is based on payroll, and classification. So, how do you average a secretary, and a demolition contractor? How do you average a minimum wage part timer, and Bill Gates
http://answers.yahoo.com/question/index?qid=200810...
Wage Replacement (Temporary total or partial) While temporarily unable to perform any work, an employee is entitled to 2/3 of his or her gross average weekly wage up to a set maximum
http://wiki.answers.com/Q/What_does_workers_comp_p...
Explore this Topic
Calculating your worker's compensation package can be a little tricky, but with the help of an experienced worker's comp lawyer, you can realistically estimate ...
The Illinois settlement is a planned settlement of 110 square kilometres in the Illinois territory and is also known as the English Settlement. A worker's comp ...
Maryland Worker's Compensation data shows that the average final settlement for back injuries in Maryland is $33,748. Most back injury claims in Maryland are ...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com