Workers’ Compensation

When a person is injured on the job, the person’s place of employment may offer workers compensation to employees. Workers’ compensation is a form of insurance that employers take out to provide compensation for medical care for employees who are injured during the course of employment.

Workers compensation has been implemented in many industries to reduce the number of lawsuits that are filed for injuries. In exchange for the almost guaranteed payments from the insurance policy, a person who is injured and takes workers compensation must relinquish the right to file a lawsuit under negligence. The tradeoff is that a person will receive an assured, although limited, payment while giving up the ability to sue, and a potentially greater settlement. This bargain is known as the “compensation bargain.”

The plans for compensation vary by jurisdiction in most cases. There are typically options for weekly payments in place of wages, like disability insurance, compensation for past and future economic loss, reimbursement for medical expenses, and benefits to dependents of workers killed.

While workers’ compensation does many good things by taking a lot of guess work out of figuring out how to pay for an injury, it may affect an individual’s ability to apply for social security disability payments. Both payments would be for the same injury and so some areas might not be covered.

Contact an Indianapolis Social Security Lawyer

If you have been seriously injured on the job to the point that you have become disabled, contact the Indianapolis social security lawyers of the Hankey Law Office at 317-634-8565 to determine what taking workers’ compensation payments will do to your eligibility for social security compensation.