Employers sometimes offer an injured worker a lump sum
payment in order to minimize payments to workers going forward. The decision to accept a lump sum is very
serious and requires the advice of an attorney who is a Montgomery County Worker's Comp lawyer who can advise you if the amount
is fair.
The amount of the lump sum is
based on several factors such as the nature and extent of the injury, the age
of the injured worker, the educational history and past employment record and
the cost of continued medical care. When
you accept a lump sum payment you forego any right to future benefits .The
agreement must be approved by a Judge. The process of settling a workers’ compensation case
is known as “Compromise and Release”.
I cannot stress how important it is for you to have a professional review your case and make sure you are not losing money!
No comments:
Post a Comment