By Welch, Gold & Siegel – Pre-Paid Legal Services, Inc., Pennsylvania
There are advantages to lump sum settlements. A lump sum settlement will help you move on with your life perhaps to make an investment in learning a new trade or education in order to find a more suitable career or perhaps start a new business based on your physical limitations. With a lump sum settlement, you won't have to worry about future negotiations regarding weekly or monthly payouts.
Before accepting a lump sum settlement, please consider whether or not it will adequately pay your lost wages, whether it will include future medical bills, whether it will protect your Social Security and Medicare benefits.
In Pennsylvania, the law makes it difficult to reopen a workers' compensation claim after a settlement is approved – so you don't want to make any irreversible mistakes. Now is not the time to trust your employer's insurance company or your brother-in-law.
Don't even think for a minute that you can negotiate the best sum with your employer or his/her insurance company. What you need now is an experienced workers compensation lawyer by your side, one who has settled hundreds of cases that favored the injured employees not the insurance companies. A workers' compensation lawyer will ask you questions that you have not even thought of that will affect you and your medical expenses in the future.
Don't short change yourself. You have already suffered plenty. Feel good about getting and thriving from a workers' comp lump sum settlement.
Cash-flow is the lifeblood of every small business. Avoiding large or prolonged interruptions in that flow can be the difference between survival and failure. Sometimes those interruptions are the result of non-paying customers, forcing you to play debt collector. This … Continue reading
“The main purpose of auto insurance is protecting you and your family in the event of a tragedy not just “keeping legal”. Money is tight today and many families are looking for ways to cut their budget without sacrificing too … Continue reading
Due to a variety of factors, America continues to be in the midst of a home mortgage foreclosure crisis. Thousands of people across the country have fallen behind on their mortgages and have little hope of catching up with the … Continue reading
If you have any questions relating to job loss, and the financial issues that often occur, please contact us at 1-800-375-3089 for a free consultation. Federal Assistance for Health Insurance Costs The subsidy created by the American Recovery and Reinvestment … Continue reading
