Subrogation Affects Your Third-Party Lawsuit Settlement
If you are applying for Ohio workers' compensation benefits or are suing a third party for compensation for your injuries, you may have heard the term "subrogation claim" among co-workers and insurance professionals. What does it mean?
Unlike in many states with competitive insurance providers, employers throughout Ohio pay into a single provider agency to cover their workers' compensation insurance requirements. The state agency is known as the Ohio Bureau of Workers' Compensation (Ohio BWC). Every workers' comp claim must go through the Ohio BWC for determination of payment.
Third-Party Claims and the Subrogation Process
If you are receiving workers' compensation benefits and are suing a third party for additional money damages for negligence, the Ohio BWC will file a subrogation claim, which seeks to recover the amount of its benefits payments from any compensation you receive in a third-party settlement or jury award.
Even though subrogation claims by the Ohio BWC may reclaim some of your injury benefits, it is still important to pursue a third-party claim to obtain the maximum amount of compensation you are entitled to.
OhioBWCAttorney.com is an association of independent personal injury and workers' compensation lawyers with extensive experience helping injured workers obtain maximum compensation from third parties following a workplace accident. When you contact our group, you will be connected with an experienced personal injury attorney who will provide a free consultation to discuss subrogation and what it will mean to your third-party lawsuit settlement or award.
Our attorneys offer decades of experience and a reputation for excellence. Call us toll-free at 888-748-1868 or contact our network by e-mail to arrange a free consultation to discuss your third-party claim and the subrogation process.