Are you interested in a possible Workers’ Compensation Lump Sum Settlement? In Pennsylvania if you suffer a work injury or were hurt on the job you are entitled to payment of lost wage workers compensation payments and payment of medical expenses for treatment of your work related injury. So what is a workers’ compensation settlement, or lump sum settlement? What does that mean when attorneys say a lump settlement of your workmens compensation case may be right for you.
Let’s break it down. Generally speaking there are two main types of benefits one can collect if you have a work related injury: lost wage benefits and medical benefits. There are, of course, other payments under the work comp system, such as , specific loss benefits or amputations, disfigurement benefits for scars on your head face or neck of a permanent nature, and death or dependent survivors benefits. But the 2 most common or frequent workmens compensation benefits paid are lost wages and medical benefits.
So if you are entitled to weekly or biweekly workmens compensation checks, or are trying to get your work comp checks, a lump sum settlement would mean that in exchange for potentially getting past, present, or future lost wage payments you are willing to take a lump sum of money. In many cases the workers compensation insurance carrier, in exchange for the lump sum payment amount, will also want you to release them of the responsiblity of paying any past, present, or future medical expenses associated with your injury.
There are many factors that play in to the value of a workers compensation lump sum settlement of your case. Some factors have more importance than others. Every case and situation is unique and differs. Types of factors that an experienced workers compensation attorney at Dugan & Associates may look at may include but not be limited to your compensation rate, the posture of your case, who is the workers compensation insurance carrier, who is the attorney representing the workers compensation insurance carrier, the nature of your injury, who is your medical expert, what is your medical expert saying is wrong with you, who is their medical expert, what is the prognosis for your injury, what are the doctors recommending for your injury, who is the trial judge, who is the mediator judge. among others.
Find out if a lump sum settlement for your work injury if you were hurt on the job is right for you. Contact the experienced workers compensation lawyers at Dugan & Associates, Lawyers Representing Injured People at 1888-993-8426 (1-888-99-D-U-G-A-N).