Should I Settle My Workers’ Compensation Claim?

Settle Workers’ Compensation Claims

There are many reasons why an injured worker might want or need to settle a workers’ compensation claim. Possible situations to settle might include:

  • When it is becoming increasingly difficult to secure further compensation, medical treatment or other benefits.
  • When the injured worker is contemplating retirement, or moving out of state, or is experiencing serious illness or advanced age. Settlement may provide an injured worker with some claim money in all of these situations. Generally, no benefits can be paid to the injured workers’ family after death.
  • When injured workers who are collecting permanent total disability want to reduce annuity payments to cash.

There are also a variety of circumstances in which settlement may not be appropriate. Remember, a settlement is full and final, which means that once the claim is settled you are no longer eligible for any compensation or medical benefits from your workers’ compensation claim.

Protect Your Rights: Attorney Consultation

If you have an existing workers’ compensation claim and you are considering a settlement, please contact Rosengren, Kohlmeyer & Hagen Law Office for an initial consultation to help you identify the pros and cons of your specific situation.