What is the highest workers’ comp settlement?

The highest workers’ compensation settlement is a permanent and total disability award under the Illinois Workers’ Compensation Act.  A total permanent disability award requires the employer or the employer’s insurance carrier to pay to the injured worker lifetime medical benefits and lifetime weekly permanent total disability checks for the reminder and duration of the injured worker’s life.  The present day value of a permanent total disability award requires intricate mathematical calculations depending on the interest and/or discount rate that is currently available on the open financial market.  Obtaining an experienced workers’ compensation attorney is helpful in determining a workers’ compensation settlement.