A tool designed to estimate the potential value of a lump-sum agreement in a Washington State Labor & Industries (L&I) claim provides an assessment of possible compensation. This type of resource typically factors in elements such as the workers average weekly wage, the impairment rating assigned by a physician, and vocational factors. An example would be inputting a specific impairment rating for a back injury alongside the claimant’s wage history to project a potential settlement range.
These resources are important as they offer a degree of predictability within a system that can be complex. Utilizing an estimation resource enables individuals to approach negotiations with a more informed perspective regarding the monetary value of their claim. Historically, such estimations were performed manually, requiring extensive knowledge of relevant statutes and case law. The availability of digital tools streamlines this process, providing easier access to preliminary valuation information.