A tool that estimates the potential monetary value of a workers’ compensation case is designed to provide a preliminary understanding of possible compensation. For example, an injured worker may input details about their injury, medical expenses, lost wages, and permanent impairment rating to receive an estimated settlement range.
The utility of such estimation tools lies in their capacity to offer a general benchmark for injured employees and legal professionals. These calculations can assist in the initial stages of evaluating a claim, setting expectations, and guiding negotiation strategies. Historically, obtaining such estimations required consulting with legal professionals or relying on precedent cases; these digital aids democratize access to basic valuation information.
