Should You Accept a Lump Sum Settlement for Your Work Injury?
How do you know if it is in your best interest to accept a lump sum settlement from your company's workers' compensation insurer? How do you know what is the appropriate amount to request? How can you protect your rights at every stage of a workers' compensation claim?
At the Law Offices of Richard A. Jaffe, LLC, you will find an attorney who has the experience, the care and the track record to protect your rights to the fullest of his considerable ability. A BV-rated lawyer* for his ethical standards and legal ability, workers' compensation lawyer Richard Jaffe has more than 26 years of experience aggressively fighting for the rights of injured workers and seeking to ensure that each of his clients obtains the appropriate resolution to his or her case.
Attorney Jaffe has been fighting for injured workers for 26-plus years. Contact his Philadelphia law office to learn more about lump sum settlements. Call 215-268-7348 or 866-959-8856 for a free consultation.
What Is a Lump Sum Settlement?
A lump sum settlement pays you a certain sum from your employer in exchange for ending all future wage loss benefits and possibly future medical benefits claims. This is called a compromise and release agreement.
An insurer likes to close out cases, but is it in your best interest to waive your rights to future wage loss and future medical treatment? You are not obligated to give up your right to medical benefits. It is important for you to have legal counsel who cares about your situation and is engaged in fighting for your best interests. If you do decide to accept a lump sum payment, the offer that the insurer makes for you may be low. A workers' compensation attorney can protect your rights to the full and fair lump sum payment under workers' compensation law.
Mr. Jaffe assists clients who have been permanently unable to perform their former jobs because of serious injuries. He has helped them obtain lump sum settlements to close out their workers' compensation claim and then use that sum of money to:
- Open a home painting business
- Open up a restaurant
- Open other small businesses or learn a new trade
- Return to school for retraining
- Pay off mortgages and bills
Get Answers — Talk to a Philadelphia, Pennsylvania, Attorney About Lump Sum Settlements
Most workers who are injured on the job do not know their rights relating to injured worker benefits or lump sum settlements. Talk to Mr. Jaffe in a free initial consultation so you can get the help you need right from the start. Call 215-268-7348 or 866-959-8856, or e-mail our workers' compensation firm today.
*CV, BV, and AV are registered certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards, and policies.