We formulate creative solutions for our clients to maximize their recoveries while mitigating their exposure. Jones Jones offers a full-service third party subrogation program that goes beyond just collecting a lien and asserting a credit. Our firm has subrogation experts who are well versed in the nuances of the statutes, regulations, and current case law, which enables us to find opportunities for recovery that aren’t always obvious. Whatever is necessary for our clients to recover, we will find the way. Whether that means negotiating a lien resolution to maximize our client’s credit rights, exercising our client’s right to assert a direct third party action when the claimant fails to do so, or arguing cases of first impression on subrogation issues before the appellate courts, you can rest assured that we are well-equipped to make the most of your subrogation rights.
The Workers’ Compensation Law provides carriers with several tools to recover losses and offset future exposure through subrogation. Knowing which tool to employ in each case in order to reap the maximum benefit from the subrogation process requires knowledge not only of the relevant subrogation law but of the Workers’ Compensation, No-Fault, Loss Transfer, and municipal law. Our years of experience in all of these areas place us in the perfect position to effectively assess each case and apply the best strategy to maximize recovery and ensure that no opportunity to mitigate your losses is missed.
Our Firm Is Uniquely Tailored To Ensure Maximum Recovery Of Your Funds
Lien and Credit Rights
The Workers’ Compensation Law gives carriers the right to a lien against the claimant’s recovery in any action against a negligent third party and a credit in the amount of the claimant’s net recovery in the third-party action. We’ll search court records for any third-party actions subject to a lien and advise the parties of your lien rights and monitor the third-party action to ensure that those rights are protected. When the third-party action is resolved, we’ll assist in calculating the credit to which you’re entitled and make sure that it is properly applied to mitigate your future exposure to the greatest extent possible. We’ll also look for other available opportunities, such as Loss Transfer, to obtain recovery for any losses that cannot be included in a lien.
A Holistic Approach
Based on our knowledge of not only subrogation but of the Workers’ Compensation law as a whole, we realize that the best outcome is not always achieved by simply asserting the maximum lien and credit. We evaluate each case and determine how best to utilize all available solutions to obtain optimal results for our clients.
It may be in your best interest to negotiate a global settlement encompassing the Workers’ Compensation claim and the claimant’s third-party action while taking into account your subrogation rights. By bringing together all parties involved in both the Workers’ Compensation claim and the third-party action we’re often able to negotiate the most favorable resolution possible and close the Workers’ Compensation claim for far less than would have otherwise been possible.
Learn More About Our Subrogation Services
Many of our subrogation customers are also long-time clients of our Workers’ Compensation Defense department but whether we handle your entire case or just the subrogation portion, we’re confident that we can find the right solution to get the best possible result from your subrogation claim.