Ohio Workers’ Compensation FAQs — Is There Hidden Value in Older Workers’ Compensation Claims?
If you have older workers’ compensation claims in Ohio for which you are no longer receiving significant benefits, you may be able to settle those claims for a cash payment.
Old workers’ compensation claims have value in Ohio, which wasn’t the case in the past. The state of Ohio is now trying to settle older workers’ compensation claims. At Taubman Law, we have settled hundreds of these old claims.
What’s the Hidden Value in Older Workers’ Compensation Claims?
You may be wondering why the state of Ohio wants to settle older workers’ compensation claims. Even if you are no longer receiving benefits for your workers’ compensation claims, they still represent liabilities to the workers’ compensation fund. As a result, the state is now offering fast-track settlements to reduce its inventory of old claims.
Now you’re probably wondering if there is a statute of limitations for workers’ compensation claims. Every workers’ compensation claim has an expiration date under Ohio’s statute of limitations. That expiration date may be anywhere from two to 10 years depending on the facts of your case and date of your injury. The statute of limitations law is complicated, but Brian and Bruce Taubman have the experience you need to determine the expiration date that applies to your claim.
If you have older workers’ compensation claims you want to settle, please contact Brian and Bruce Taubman at Taubman Law for a free, no-obligation consultation to help you identify the pros and cons of your specific situation. Protect your rights and get the compensation you deserve.
This post was written by Cleveland attorney Bruce Taubman, who practices workers’ compensation, personal injury, and medical malpractice throughout Ohio.
Taubman Law primarily practices in personal injury, medical malpractice, workers’ compensation law, and employment discrimination throughout Northeast Ohio and beyond. For more than 40 years, the Taubman Law Family has been helping our clients receive the compensation that they deserve. Come and see us at our Ohio City office (1826 West 25th) for a free consultation or contact us here to set up an appointment. A lawyer who cares is right around the corner. Taubman Law — Smaller, Smarter, Better.