What is a “Workers Comp Holiday?” And “Does the Workers Comp Insurance Company have an IOU on my lawsuit?”

When an injured worker settles her 3rd party liability (negligence lawsuit), but the state workers compensation claim remains open (unsettled), it is often described as thought the WC insurance carrier gets a “holiday” from having to pay for any further benefits, until such time as the disabled employee uses up their “NET RECOVERY” from the…

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