What Is the Average Worker’s Compensation Settlement?
According to the United States Social Security Administration, the average worker’s compensation payout was equal to $1.16 for each $100 of income earned in the year 2002, the most recent year for which such statistics are available.
Worker’s compensation claims vary greatly from one case to the next, and most attorneys caution that even similar cases may have vastly different settlements. Previous to the implementation of worker’s compensation programs, injured employees had few avenues for recourse. Ultimately, the only option for such workers was to file a lawsuit against their employers. Worker’s compensation programs derive their funding from employers though some economists argue that employees actually pay the bill in the form of lower wages.