How the Calculator Works
Our workers' compensation calculator helps you estimate the potential value of your work injury claim by calculating:
- Lump Sum Settlements - Based on your compensation rate, scheduled weeks, and percentage of permanent partial disability (PPD)
- Present Value - The commutable value of your settlement using discount rates between 2% and 6% as required by South Carolina law
The calculator uses the standard formula: Lump Sum = (Compensation Rate) × (Scheduled Weeks) × (Impairment Percentage)
Your compensation rate is determined as two-thirds of your average weekly wage (AWW), with a minimum of $75 per week and subject to the statewide maximum cap.
Who Should Use This Calculator
This tool is designed for:
- Injured workers seeking to understand their potential settlement value
- Attorneys preparing case valuations and settlement negotiations
- Insurance adjusters evaluating claim reserves
- Employers understanding potential liability exposure
Important Legal Considerations
Please note: This calculator provides estimates only. Actual workers' compensation settlements depend on numerous factors including:
- Specific details of your injury and medical treatment
- Your earning capacity and return-to-work potential
- Negotiation between parties
- Final approval by the South Carolina Workers' Compensation Commission
Under South Carolina Code §42-9-301, all commutations require Commission approval and must use an annual discount rate between 2% and 6%.
Get Professional Legal Help
While this calculator provides valuable estimates, workers' compensation law is complex. An experienced attorney can help you:
- Maximize your settlement value
- Navigate the legal process
- Ensure all benefits are properly calculated
- Handle negotiations with insurance companies
Contact our experienced workers' compensation attorneys today for a free consultation about your specific case.
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