Can a Workers’ Compensation Insurance Company make an offer and then take it away?
It does not happen very often but offers can be taken back.
Most insurance companies want to settle the case so they do not mess around and rescind or take back offers.
Insurance companies may also tell you that the offer is good for a limited amount of time.
You can always counter the offer the insurance company makes, but they are not required to respond.
In other words, the work comp insurance company may tell you this is as much as we will pay you.
It is also important to remember that offers cannot be held against the insurance company.
This means that if you reject the work comp insurance company offer and go to trial and the judge rules that you get less money than the original offer, then you cannot back to the insurance company and tell them you want the offer. Too late.
It is important to have a realistic view of your case.
This will help you know if the offer from the insurance company is fair, or whether you are leaving something on the table.
Questions about your work injury and its value? Feel free to contact Illinois Workers’ Compensation Lawyer Dirk May at 309-827-4371.