How does BWC evaluate a claim for settlement?
BWC has no pre-set formulas for determining the settlement value of a claim. The settlement figure is the amount BWC is willing to pay you for the anticipated future cost of your claim. These costs are then pro-rated based upon the likelihood that they will occur. BWC considers both the future medical and indemnity (compensation) when it evaluates the claim. For example, if you file for a claim where you may need surgery or lose time from work, BWC will consider both of these as part of the settlement. It is important to note that BWC does not base settlement value on pain and suffering or administrative costs.
