Should I Accept a Lump-Sum Settlement?

According to Pennsylvania law, in certain situations, injured workers who are earning workers’ compensation benefits may qualify for a lump-sum settlement with their employers’ insurance companies. Depending on your needs, however, this may not be the right fit for you.

Before accepting a settlement, discuss your case with our workers’ compensation attorneys at Krasno, Krasno & Onwudinjo. Serving injured workers in Philadelphia, Pottsville and throughout Pennsylvania, our lawyers have built a reputation for helping the victims of workplace injuries and illnesses get results that work for them and their families.

Have you been offered a lump-sum settlement? Schedule a free consultation with an attorney today.

We Can Evaluate Your Ongoing Needs

The most important thing to remember is that if you accept a lump-sum settlement, you will no longer receive weekly checks to cover your lost wages, medical bills or both. When evaluating whether to accept a settlement, you need to consider factors such as:

  • Is the workers compensation settlement enough to make you financially secure if you can never return to work?
  • What are your ongoing medical needs? Will you need additional surgeries?
  • Has a doctor determined if you will ever fully recover?

In certain cases, however, there are advantages to a lump-sum settlement. You will not have to worry about your employer’s insurance provider, continuing to scrutinize your condition for years to come. You could eventually return to work and keep the settlement. The settlement could provide for your family.

Our law firm has been helping injured workers and their families since 1936, and our lawyers believe in building personal relationships with every client. We will thoroughly examine your case, consult with your doctors and help you determine if a lump-sum settlement is in your best interests.

Call Today for the Lump-Sum Settlement Representation You Need

Accepting a lump-sum settlement is an important decision that you should not make alone. As a client of Krasno, Krasno & Onwudinjo, you will not owe us a penny if we cannot recover compensation for you.

To schedule a consultation at our offices in Philadelphia or Pottsville, call us today at 866-699-3811.

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