First and foremost, never accept a lump sum settlement without contacting an attorney. You may actually be losing out on the workers' compensation benefits and payments you deserve by taking a lump sum settlement before exploring all your options.
You might be eligible to settle for a lump sum, also known as a "Compromise and Release," if you've been off work for over four months due to your work injury, and you've been receiving workers' compensation benefits. It's important to remember that once you accept a lump sum settlement, you can't request further benefits even if you still remain unable to work.
Visit our lump sum page to learn more about this type of settlement and whether it's the right option for you.