Should I Accept A Workers’ Compensation Settlement?
In New York, you can negotiate a lump sum settlement of your workers’ compensation case rather than continue to receive weekly benefits. The important questions are:
- Should you accept a settlement?
- How much is your case worth?
At Marder, Eskesen & Nass, Attorneys at Law, in Midtown Manhattan, we know that your decision is important to your future well-being. To help you understand your options and the consequences of accepting a settlement, call us at 800-588-1579 for a free initial consultation. We offer this consultation with no obligation to hire us to handle your case.
Should I Accept A Settlement?
In the first place, you should not accept a settlement, nor should the workers’ compensation insurance carrier offer you one, until you have reached what is known as maximum medical improvement. Only then will you know how the injury will affect your life going forward.
Once you accept a settlement, your workers’ compensation case is over. If you need future medical care for your injury, workers’ compensation will not cover it. Other medical insurance may not cover it either, since it is a work-related injury.
How Much Is My Case Worth?
Determining what your injury is worth will depend on a number of factors, including the percentage of permanent disability you suffered from the injury. In our experience, workers’ compensation carriers make lower settlement offers to workers who are not represented by an attorney.
Our lawyers will use our knowledge of the New York workers’ compensation system to negotiate the maximum settlement to which you are entitled.
Do I Need To Hire A Lawyer?
Whether you need to hire a lawyer depends largely on the seriousness of your injury. The more serious your injury, the more you could benefit by hiring an attorney. Since the wording of your settlement can affect your eligibility for Social Security Disability Insurance, it is especially important to contact a lawyer if you are unable to work as a result of your injury.
Our attorneys will work hard to protect your interests. We can also review your case for a potential third-party liability claim.
Even if you don’t need a lawyer, it costs you nothing to schedule an initial consultation.