Golden Law Firm
Exceptional help for your workers' compensation and Social Security Disability claims.

Lump Sum Settlements

Don't Settle For Less Than You Deserve

One way that insurance companies manage to save money is by offering small lump sums in hopes that you will take that now, instead of pursuing greater compensation. It often works — many individuals take those settlements to put the matter to rest.

However, your case may be worth much more than the insurance company is offering. A skilled lawyer can help you maximize the amount you receive. In my decades of experience, I have done it countless times.

Getting The Best Settlement Possible

In Pennsylvania, there are two ways to receive compensation for your workplace injury. A lump sum settlement means you receive the money all at once, and insurance companies often offer this first because it can be tempting to receive a seemingly large amount of money right then and there.

You may also receive workers' compensation on an ongoing basis. This means that your employer's insurer would be responsible for paying you on a set schedule, which may include covering medical expenses on top of that as they arise.

Theoretically, you would receive the same amount of money with both methods. However, it is important to recognize that the insurance company may be offering you an initial lump sum hoping that you will not realize that it's actually much too low to cover your needs over your recovery period. For that reason, a more slowly paid-out option can be a better one.

Talk To A Professional For Free

No matter your situation, Golden Law Firm is prepared to work on your behalf to get you the best compensation offer possible. If you would like to talk to an attorney about your options, call my Williamsport office today at 570-980-1718 or reach out through my online contact form. Our meeting will be free of charge.

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