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Pennsylvania Workers’ Compensation Lump Sum Settlements
The Pennsylvania Workers’ Compensation Act allows injured workers and insurance carriers to settle Workers’ Compensation claims for a work-related injury with a “lump sum” payment rather than weekly or bi-weekly payments. Although accepting a one-time lump sum settlement for past, current and expected lost wages or for both lost wages and medical care benefits may seem attractive when you are feeling the financial strain that often accompanies an injury, it may not be the best resolution of your Workers’ Compensation claim. Because the insurance carriers seek to “bargain” the lowest possible settlement, you need the experienced Philadelphia Workers’ Compensation lawyers at Pearson Koutcher Law, to represent your interests and negotiate the highest possible lump sum settlement.
Compromise & Release Agreements
The procedure to settle a Worker’s Compensation case is by a Compromise and Release. The Workers’ Compensation judge handling your matter must approve the Compromise and Release Agreement you sign to settle your case; however, the judge will only be concerned that you understand the terms of the Agreement. Because you are waiving rights to future benefits or claims, any decision to settle your case should be considered carefully with the assistance of a knowledgeable, workplace injury lawyer. As your attorney representing your best interests, a Workers’ Compensation attorney at Pearson Koutcher Law, will diligently seek to ensure that the lump sum settlement is fair and equitable.
Valuation of Your Claim
Our experienced Workers’ compensation attorneys will “value” your case, taking into account numerous factors including, but not limited to:
- the nature and extent of your workplace injury,
- your past, present and expected medical treatments,
- your past, present and future earning potential, and
- your age, education, work history and transferable skills.
Contact Experienced Philadelphia Lump Sum Settlement Attorneys
It is a complicated process to evaluate whether a lump sum settlement might be beneficial to you and how much that settlement should be. Focusing solely on Workers’ Compensation matters, the lawyers at Pearson Koutcher Law, have helped many clients throughout Pennsylvania understand the true value of their claim, helping many to settle for a fair and equitable lump sum and encouraging others to walk away from an unfair offer. Contact our Philadelphia office today to speak with a competent and compassionate workplace injury attorney who can negotiate the best possible lump sum settlement for you, or help you pursue the Workers’ Compensation benefits due to you under the law.