Seek a Fair Settlement with an Experienced Workers’ Compensation Lawyer
In some situations, an insurance company may offer (or an injured worker may request) a settlement to close a workers’ compensation claim. This is typically paid in a lump sum and will terminate an injured workers’ right to additional compensation for that same injury. Workers’ compensation settlements are voluntary. They are not automatic, and they are not mandatory. It is important to determine whether a settlement is truly in your best interests before you agree to this arrangement.
At Morales & Cerino, we have been representing injured workers in Florida for over 20 years. We recognize the advantages and disadvantages associated with workers’ comp settlements and can advise you of your options and your rights in this regard. Our personalized approach and commitment to honesty and transparency will ensure you can make an informed choice.
Interested in learning more? It starts with a free consultation with a Miami-Dade County workers’ compensation lawyer at our firm. Call (305) 340-2630 today!
Workers’ Compensation Settlements: Lump Sum vs. Structured Payments
A workers’ compensation settlement may be paid in one of two ways:
- Lump sum settlement, which is a one-time payment of the total benefits owed.
- Structured settlement, which spreads the benefits out over time, often in monthly or yearly payments. These are more common in cases involving catastrophic injuries, as spreading out the payments can help an injured worker plan for continued care.
Whether you are offered a lump sum or structured settlement, you will need to decide whether this will be enough to cover all of your injury-related expenses, including ongoing care or a loss of potential earnings if you cannot return to work in the same field or at all. Having a skilled Miami-Dade County workers’ comp attorney review your claim and settlement offer can make all the difference in you facing a more stable future.
Call Morales & Cerino at (305) 340-2630 or contact us online for your free, private case review. Se habla español.