Most employers or their Workers' Compensation insurers have claims they would like to settle in order to lighten their workload and reduce ongoing claims handling expenses.

Ideally a settlement can be reached, the claimant paid, and the books closed. For many claims, however, a better solution is a structured settlement. It works much like a regular personal injury settlement, but adheres to the rules that govern work comp settlements.

The benefits that Selective Settlements International (SSI) can provide are:

• No more administrative costs
• No payment checks to write or records to keep
• Reserves currently carried for that case can be written off, freeing up those previously restricted funds for other company use.
• Total cost can be deductible for tax purposes in the year incurred, rather than as each payment is made, if liability is assigned to a third party.

Even if a settlement with the claimant cannot be reached, an annuity can still be designed to relieve you of making payments.

Contact us today to find out how structured settlements can help you settle even the most convoluted claims.