Is accepting a settlement the right action to take?
If you’re injured on the job, you will probably have a lot of questions about the best way forward. One of the most common questions is whether or not you should take a settlement to compensate for your injuries.
There are a number of factors you should consider before you make a decision. A settlement generally results in a one-time, lump sum payment, whereas workers’ compensation provides for smaller, weekly benefits.
Accepting a settlement could leave you in a difficult economic situation if you are still unable to work when the settlement money runs out. You could also continue to require medical care and be unable to pay for it. On the other hand, if you accept a lump sum settlement, you will be able to use the money now as opposed to waiting for it week after week.
Before you agree to sign anything, settlement or otherwise, contact McAleer Law for a consultation. We can help you understand all of your options and the possible consequences of your decision. At McAleer Law, we are familiar with all of the laws concerning workers’ compensation and workers’ comp benefits, so we can make sure you are not taken advantage of.
In the event that you choose to settle your workers’ compensation case, we will do our best to ensure that the settlement you receive is fair and allows for all the benefits you are entitled to.