When the time is right, you could end your lost wages payments by getting a lump sum settlement for the remaining cost of your injury.
It sounds great, and it might be right for you. But you have to make this decision carefully.
Once you settle for a single, larger amount, you won’t be able to get anything else from workers’ compensation for your injury, including having workers’ comp pay for your medical treatment.
Your individual case will determine how much you get.
Here are factors to consider:
While you should keep your settlement expectations realistic, you also should know that you often can negotiate for much more than an insurance lets on.
This is why you want a workers’ compensation attorney. Your lawyer will know how to reach a number that’s fair to you.
The lawyers at Workers’ Compensation, LLC, can provide a free initial consultation on your situation.Get My Free Evaluation! »
In addition to checks for lost wages, you can get more valuable financial support from workers’ comp:
Transportation reimbursement can mean more than mileage checks. The workers’ comp insurance company may be required to directly arrange transportation for you.
And your payments from workers’ comp can continue even after you return to work with Supplemental Earnings Benefits (SEB). You qualify for SEB if you can work but your injury leaves you unable to earn as much as before.
If work restrictions from your doctor prevent you from earning at least 90% of your pre-accident wages, you could receive two-thirds of the difference between your old pay and your current earnings for up to 520 weeks.
To make sure you’re getting all the payment and benefits you’re entitled to receive under workers’ compensation, get a workers’ comp lawyer on your claim.Call Us Now! »