Workers’ Compensation Lump Sum Settlements

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workers compensationWhen a person becomes injured due to work related activities, the law provides them with the opportunity to apply for workers’ compensation benefits.

The benefits subsidize their lost income while they are recovering.

However, with lifetime injuries, an individual is entitled to the entire workers’ compensation benefits in one lump sum settlement.

It is advisable for someone to seek the advice and legal counsel of an attorney whenever they have been injured on the job, due to the fact that there are many different legal aspects to the situation.

An injured employee will need to seek compensation through workers’ compensation and their attorney may also advise that they seek personal injury damages due to the nature of their injury. Many people receive workers’ compensation benefits on a temporary basis.

If you and your attorney are discussing lump sum settlements you will need to pay close attention to how this decision affects your receiving social security.

It is very important that your attorney also advises you on how your lump sum settlement will be handled by the social security administration and if there are difficulties, offer you his or her professional services in this area as well.

It isn’t uncommon for social security to lower your benefit once you have been approved for a lump sum settlement, however there may be mistakes made and you will need the services of an experienced attorney to review the arrangement and to ensure that you receive the amount to which you are entitled.

If you have been permanently injured or disabled due to an accident or work place incident, it is imperative that you speak with an attorney right away. Being aware of the possibilities of problems occurring with your Social Security will help ensure that you and your attorney handle any discrepancies if they should occur.