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Workers' Compensation Settlements
The Act 57 amendments to Pennsylvania workers' compensation laws allow workers and insurance companies to settle workers' compensation claims for their work injury, rather than receiving weekly or bi-weekly benefits. The insurance company always tries to settle for the smallest amount possible and that is why you need the assistance of an experienced workers' compensation attorney to help you get the money you are owed.
In exchange for giving up some or all of your rights, you can take a lump sum cash settlement. You can settle your wage loss benefits, your medical benefits, or both. You can also obtain a lump sum payment of specific loss benefits, such as for an amputation injury, facial scarring, paralysis or vision or hearing loss.
You Need Solid Advice for This Very Important Decision
Lump sum settlements must be approved by a workers' compensation judge. But the judge is only concerned with whether the injured worker understands the terms of the settlement, and not whether a settlement is smart for you or if the amount of money is fair.
Because you are waiving rights to future benefits or claims, any decision to settle your case should be discussed with your family and an experienced workers' compensation lawyer.
Martin Banks has helped many clients settle their work injury claims — and we have talked many other clients out of it. Our knowledgeable attorneys have practiced in workers' compensation for 30 years. We know the true value of your claim and how to negotiate a lump sum settlement in your best interests.
See our page on workers' comp settlements to explore some of the pros and cons of lump sum settlement. Then call us at 888-229-6467 or 215-268-7646 or contact us online to discuss your specific situation in a free consultation.
We have several offices in the Philadelphia area, Bucks County, Delaware County, Chester County and Berks County, and take cases throughout southeast Pennsylvania. We also have Spanish speakers on staff.
