The Risks and Opportunities of a Settlement
If you were injured on the job and you qualify for wage and medical benefits through workers' compensation, those benefits may be paid out over a long period of time. In some cases, though, you may be offered a lump-sum payment by an insurance company.
While the idea of receiving a large financial payment is attractive to most people, lump-sum payments carry risk, and it is important to make sure you are getting a fair deal that will cover your future needs and expenses. The fact is that insurance companies are not in the business of looking out for workers and their families — they are in the business of paying out as little as possible, with the ultimate goal of paying nothing. It is important to talk to an experienced workers' comp attorney before accepting a settlement for a few reasons:
- You may be offered less than what is customary or proper
- You may be giving up important medical benefits
- Your condition may worsen in the future, and expensive treatment may not be covered
- The lump-sum payment may not account for the loss of income over the course of your remaining career
- The settlement amount may not be commensurate with your rate of pay
A Lawyer Who Can Help You Receive a Fair Settlement
Attorney Jeff Dohrmann is highly experienced with workers' compensation claims, settlements and appeals. With over 15 years of specific experience in the field, he can advise you regarding your rights and options. If a lump-sum settlement is in your best interests, Jeff can analyze the details of your case, help you calculate what you should receive and negotiate with the insurance company to maximize what you receive.
Contact a Williamsport Lump-Sum Injury Settlements Attorney
The Williamsport and Bloomsburg personal injury settlement attorneys of Rieders, Travis, Humphrey, Harris, Waters, Waffenschmidt & Dohrmann can answer your questions about lump-sum Pennsylvania workers' compensation settlements during a free consultation. Call us at 570-505-5566 or toll free at 800-784-6789 for help with your case.