Worker’s Compromise in Personal Injury - Quiz.pdf

Worker’s Compromise in Personal Injury 1. What is a worker's compromise in personal injury? a) A method for employees to receive regular benefits b) An agreement to resolve a worker's compensation claim c) A requirement for employees to return to work early d) A procedure to r...

Worker’s Compromise in Personal Injury 1. What is a worker's compromise in personal injury? a) A method for employees to receive regular benefits b) An agreement to resolve a worker's compensation claim c) A requirement for employees to return to work early d) A procedure to report workplace injuries Answer: b) An agreement to resolve a worker's compensation claim 2. Which type of settlement involves a one-time payment? a) Structured Settlement b) Lump-Sum Settlement c) Compromise and Release d) Ongoing Benefits Answer: b) Lump-Sum Settlement 3. What is the main advantage of a lump-sum settlement for workers? a) Guaranteed employment b) Immediate access to funds c) Continued medical benefits d) Higher weekly benefits Answer: b) Immediate access to funds 4. Why is it important for workers to seek legal counsel before agreeing to a settlement? a) To expedite the payment process b) To ensure they fully understand the terms c) To negotiate higher weekly benefits d) To avoid future employment issues Answer: b) To ensure they fully understand the terms 5. What must happen for a settlement agreement to become valid? a) It must be approved by a worker’s compensation judge b) It must be signed by the employer c) It must be filed with the insurance company d) It must be notarized Answer: a) It must be approved by a worker’s compensation judge 6. What is typically waived when a worker accepts a settlement? a) Future wage increases b) Future claims related to the injury c) Employment benefits d) Tax deductions Answer: b) Future claims related to the injury 7. Which part of a settlement might be taxable? a) Medical expense coverage b) Compensation for lost wages c) Lump-sum payment d) Structured settlement payments Answer: b) Compensation for lost wages 8. Why should future medical costs be considered when negotiating a settlement? a) To increase the lump-sum amount b) To ensure adequate long-term coverage c) To speed up the approval process d) To satisfy legal requirements Answer: b) To ensure adequate long-term coverage 9. What is a common benefit for employers and insurers in settling a worker's compensation claim? a) Lower insurance premiums b) Avoidance of future litigation c) Increased employee productivity d) Reduced need for workplace safety measures Answer: b) Avoidance of future litigation 10. What might a worker's compensation judge consider when approving a settlement? a) The worker's job performance b) The fairness of the settlement terms c) The employer's financial status d) The worker's attendance record Answer: b) The fairness of the settlement terms