What is subrogation in workers comp?

What is subrogation in workers comp?

Subrogation: Assuming the legal rights of a person for whom expenses or a debt has been paid. Subrogation occurs when an insurance company which pays its insured customer for injuries and losses then legally pursues a third party which caused the damages.

What does workers comp waiver of subrogation mean?

If you sign a waiver of subrogation clause, you are agreeing to waive (give up) your work comp insurance carrier's right to seek damages from another party.

How long does a subrogation claim take?

Across the industry, subrogation takes six months, on average, though it can take longer for severe accidents, especially those involving injuries or disputed fault. The General subrogation is the process through which the company tries to recover money it paid for a claim from the at-fault driver's insurance provider.