If you suffered an injury on the job or were hurt at work and have been receiving workers’ compensation benefits for four months or longer you may be entitled to a lump sum settlement. Lump sum settlements in work comp are also known as a Compromise and Release Agreement. Compromise and Release Agreements are the documents that specify what the terms and conditions of your settlement will be.
When you sign to accept a lump sum settlement you are giving up your rights and by doing so you can’t go back for more money for your work injury. Typically this is a one time lump sum payment. It is very important that you consult with an attorney before you agree to a lump sum settlement. At Dugan & Associates your legal consultation is free and there is no obligation to use our services. Call us at 412-353-3572 or fill out our online contact form.
A lump sum settlement or compromise and release is a one time payment that can replace your weekly or biweekly workers’ compensation checks, and/or payment for your medical bills, or both. This is something that you should not take lightly and contact an experienced workers’ compensation attorney such as at our office for advice.
Accepting a lump sum settlement compromise and release for medical expenses can be important because if you accept a lump sum payment for your future medical treatment and compromise and release your case you will not receive any more money for you medical treatment after the lump sum settlement is paid. Before agreeing to settling your workers compensation checks and/or medical payments for your work injury it’s important to make sure that you are receiving fair compensation and it’s in your best interest. An attorney who knows the system and the work comp laws can advise you to protect you so you get the fair and just compensation you deserve and are protected.
If you or a loved one has questions about collecting workers’ compensation for four months or longer and was hurt at work and would like to know about a lump sum settlement compromise and release of your workers’ compensation case, contact the experienced team at Dugan & Associates at 412-353-3572.