Negotiating A Lump-Sum Settlement With The Workers' Compensation Carrier

Should You Receive Payment All At Once?

Injured workers receiving wage loss benefits as well as beneficiaries of deceased workers who receive death and dependency benefits, often desire a lump-sum cash settlement rather than weekly or biweekly payments. Likewise, it is bad for business for insurance companies to carry liabilities that extend well into the future. As a result, it is often possible to negotiate lump-sum cash settlements. When an injured worker accepts a lump-sum settlement, the claim is generally closed.

It is important to realize that the insurance company will do everything in its power to settle for as little money as possible. After all, it has not remained in business for so many years and amassed its fortune by cutting fair deals with injured workers. You need an experienced lawyer as your advocate.

Cohen, Feeley, Altemose & Rambo is an experienced workers' compensation law firm serving Bethlehem, Whitehall and surrounding areas in Pennsylvania. We work hard to help our clients obtain all of the workers' compensation benefits they deserve.

Call us at 888-854-6895 for a free consultation.

Compromise And Release Agreements

At Cohen, Feeley, Altemose & Rambo in Pennsylvania, we understand how important it is to properly negotiate these settlements to protect the rights of injured workers in Pennsylvania. Lump-sum settlements are usually agreed to in exchange for the injured worker or beneficiary giving up some or all rights to seek further benefits.

Our team of attorneys will work with you to identify your options and counsel you on the best way to proceed. It may be in your best interest to settle your wage loss benefits, medical benefits, both or none of the above. If you are a recipient of specific loss benefits, you can settle those as well.

Free Consultation With A Lawyer

For more information on your rights and options for settling your compensation benefits, contact us today. We offer a free consultation and represent injured workers in Bethlehem, Whitehall and surrounding areas of Pennsylvania.