How Much is the Average Workers Comp Settlement for Hand Injuries?

According to the Bureau of Labor Statistics, hand and finger injuries are the second most common injuries in the workplace as of the 2022 data. However, the nature of these types of injuries can vary in severity. That’s why workers comp settlement for hand injuries tend to vary widely too. In most cases, the injured worker can claim anywhere from $12,000 to as much as $200,000.

Most work-related hand injuries are caused by cuts and lacerations. But repetitive strains can also cause wear and tear to your wrist joints leading to carpal tunnel syndrome. This is why hand injuries tend to be more common in factory workers and those working desk jobs.

They may not seem that of a big deal, but hand injuries can get you off work for days at best. Or lead to permanent disability at worst. Either way, it can affect your finances and even leave you homeless. Not to mention the medical fees you’ll have to contend with.

That’s what workers’ compensation benefits are for. It ensures you’ll have food on the table and pay for your medical expenses even if you can’t work for months. And if you can prove that your injury is work-related, you should be eligible for workers comp benefits.

COMMON HAND INJURIES

In addition to more than 20 tiny bones, each of our hands also consists of tendons, ligaments, nerves, and muscles. It’s also the body’s most used part, particularly when working. We use our hands for everything, from picking up small things to lifting heavy objects. It’s no wonder why it’s also the most prone to injuries.

Here are some of the most common hand injuries in the workplace:

1. CUTS AND LACERATIONS

This is one of the most common types of hand injury, and sometimes it’s inevitable. But some cuts and lacerations can be so deep that it leads to permanent disability.

2. AMPUTATIONS

Most amputation injuries are caused by improper use of tools and equipment. Though they’re quite rare, amputations almost always lead to permanent disability.

3. SPRAINS

Like cuts and lacerations, sprains are also common in the workplace. It happens when our hand is subjected to a sudden and extreme strain that tears the ligaments.

4. FRACTURES

Fractures and broken bones can take months to heal and usually require surgery and rehabilitative treatments.

5. DISLOCATION

A dislocation happens when a bone is forced out of its usual alignment.

6. BURNS

People working in jobs that handle hot objects, toxic chemicals, and high-voltage electricity are at a greater risk of burning their hands.

7. CARPAL TUNNEL SYNDROME

Carpal tunnel syndrome is a type of nerve injury that, when left untreated, can have serious consequences. It’s usually caused by repetitive motions that compress the median nerve for a long time.

What is the average settlement for carpal tunnel in both hands?

According to 2023 data from the National Safety Council (NSC), the average workers’ compensation settlement for carpal tunnel syndrome is $34,055. This settlement includes $18,136 designated as an indemnity payment for lost wages and $15,919 to cover medical expenses.

HOW WORKERS COMP SETTLEMENT IS COMPUTED

There are a lot of factors that affect your workers’ comp settlement amount. This includes the severity of your injury, the required treatments, and how it affects your earning capacity.

Your workers’ comp settlement will generally include medical benefits and compensation for lost wages. The latter may include both temporary and permanent disability benefits, depending on your injury. In Florida, for instance, you can receive temporary disability benefits for more than 104 weeks.

When you’ve reached your Maximum Medical Improvement (MMI), your disability will be assessed. If your condition is deemed permanent, you may be entitled to permanent disability benefits.

Calculations for permanent disability benefits vary by state. Most states follow a schedule of losses that lists specific injuries and how many weeks’ compensation you can get for each. However, some states, like Florida, use an impairment rating to calculate benefits.

If you receive a lump sum settlement, the total amount will include all benefits you’re entitled to. You won’t be able to ask your employer for more once your money runs out. But if you choose staggered payments, you’ll receive a small initial amount and a monthly payment until you can return to work.

Also read: How To Find A Great Disability Lawyer To Win Your Legal Dilemmas