New Rules Affecting Chicago Illinois Workers Compensation Lawyers - ChicagoLawyersDirectory.com

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New Rules Affecting Illinois Workers' Compensation Lawyers

What is your hand worth? According to the Illinois Workers' Compensation Commission, the maximum value of a hand lost at work (for a worker who makes the average Illinois annual salary of $42,754.40) is $168,551, whereas that same hand would be worth $156,218 in Iowa and $143,885 in Nebraska.

In Illinois workers' compensation law, the value of human body parts is determined by an actuarial analysis of probabilities and future values of injuries. The values are continually adjusted to keep up with inflation and changes in the economy. The Illinois Workers' Compensation Commission uses the fixed values of body parts in order to strike a fair balance between compensating workers without driving insurance companies into financial ruin.

Workers' Compensation Overvi... http://insurance-a.ucoz.com/news/workers_compensation_illinois/2013-06-13-3167