At some point in your recovery from a workplace accident, the workers’ compensation insurance company may offer you a lump sum settlement. While this may be advisable in some cases, in others it is not. By accepting a lump sum settlement, you are essentially selling your right to obtain future medical care through the workers’ compensation system.
The important point to remember is that before you accept a lump sum settlement offer, you should obtain the advice of an experienced and knowledgable workers’ compensation attorney.
Boxer & Gerson, LLP is the largest firm representing workers’ compensation claimants in Northern California. We have extensive experience in complex cases involving serious workplace injuries, and we understand the many issues arising from proposed lump sum settlements.
Contact Boxer & Gerson, LLP today for a free consultation. We can help you make the decision that is right for you and your future.
A compromise and release agreement is the formal document that finalizes a lump sum settlement. All settlements must be approved by the California Workers’ Compensation Appeals Board.
Before you agree to any such settlement, seek the advice of a Boxer & Gerson, LLP attorney, who will carefully review your medical situation and the terms of the proposed agreement. Depending on the circumstances of your case, we may insist on a stipulation that allows you to reopen your case and obtain medical care within five years of your injury date, seeking further benefits if your condition changes. This can prove critically important, especially in cases involving complex injuries or medical conditions. There are some drawbacks, however, and before advising you to accept such a stipulation, we will explain these issues to you in clear, understandable language.
Our goal is to answer all your questions and provide you with the information and guidance you need to make the right decisions about your case.
Contact Boxer & Gerson, LLP for a free consultation about a compromise and release agreement and all other aspects of your workers’ compensation case.