Attorney Kenton Koszdin Discusses Lump Sum Settlements
If you have been injured at work and have filed a workers’ compensation claim, your employer’s insurer may offer you workers’ comp settlement in a one lump payment. While it may be tempting to accept your settlement in one large payment as opposed to smaller payments over a period of time, a lump sum payout may not be in your best interests.
Before you accept any settlement in a workers’ comp case, you need to consult with an experienced workers’ comp attorney. Kenton Koszdin Law Office has represented Los Angeles area injury victims for years. We are compassionate about worker’s rights and can advise you on what options are the best choices in your particular case.
Call us for a free consultation at (800) 438-7734. If you’re too injured to come to our office, we will visit you at your home or in the hospital.
Lump Sum Settlements Verses Extended Payments in Los Angeles
A workers’ compensation settlement is designed to pay you when you are unable to earn a living while recovering from a work-related injury. Workers’ comp settlements can come in two forms:
- Weekly or monthly payments until you are able to return to work
- One large lump sum payment
Which type of settlement is best for you depends on your injury and expected recovery time.
Questions to Ask About Your Los Angeles Workers’ Comp Settlement
You need to consider the following when deciding on what type of workers’ comp settlement to accept:
- What is the expected recovery time for my injury? Does your physician think you will be able to go back to your former occupation in six months, a year, five years, never?
- The long term value of your settlement.
- The amount of your lump sum settlement.
- Why is my employer’s insurer offering a lump settlement?
Don’t Make a Decision on Your Own
As you can see, settling a workers’ compensation claim can be a complicated and tricky decision. This is why you should never accept a settlement without consulting your personal physician, your family, and an experienced workers’ compensation attorney.
Kenton Koszdin Law Office can guide you through the settlement process. We can represent your best interests against your employer and their insurance company. No matter how much you respect your employer or former employer, don’t trust them and their advisors to offer you the deal you deserve.
Kenton Koszdin Law office will take a personal interest in your case. Call us today at (800) 438-7734 for a free consultation.