July 25, 2019
3 Tips for Settling Workers’ Comp Cases
by Teddy Snyder
You know that ugly workers' comp case is probably going to settle. Muster your courage to make it happen sooner.
Merriam Webster defines “courage” as the mental or moral strength to venture, persevere and withstand danger, fear or difficulty. The easy way to litigate is to react to catalysts from outside sources, such as the court, opposing counsel or a medical emergency. The courageous negotiator is proactive. That includes knowing how to push a claim to settlement. Courageous negotiators have strong values, fully use their skills and purposely confront challenges.
Keep At It
Especially when claims drag on for years, it’s easy to lose sight of the goal. Here’s how to keep moving forward:
1. Keep evaluating. Courageous negotiators know what their case is worth. Don’t be afraid to talk about a big number—or a small one– if that’s really the value of the claim. The old saying is that lawsuits are not like wine—they don’t get better with age. Re-evaluate as new information comes in.
2. Make offers. Don’t ask, “Do you want to settle?” Make settlement offers– even ridiculous ones. Solicit counter-offers. Let parties know that you are willing to duke it out, but that you are also smart enough to know how to settle. Competent professionals don’t fight simply because they don’t know how to do anything else. Courageous people act even when they face the possibility of an adverse outcome.
See also: How Mediation Should Progress
You know that ugly case is probably going to settle. Muster your courage to make it happen sooner.