If you have been injured on the job and have suffered a permanent injury, you may benefit from receiving a lump sum award under workers' compensation law. In some cases, however, a lump sum award may not be in your best interests. An experienced workers' compensation attorney can help you determine the course of action that is best for you.
At the Law Offices of Dennis Kenny, P.C., we help injured workers seek financial relief by helping them pursue workers' compensation, Social Security Disability Insurance (SSDI) and personal injury claims. We handle workers' compensation and Social Security Disability claims ourselves, and work as co-counsel with other trusted law firms in personal injury cases. If you are injured or disabled, we are here to stand up for your rights.
Obtaining Lump Sum Settlements
If you have sustained a workplace injury that will affect you for life, you may be offered a one-time, lump sum settlement. While the instant award can be tempting, it is important to remember that in accepting a lump sum settlement you must forfeit your right to any additional compensation, and often to any future medical coverage under workers' compensation.
Generally, your medical condition will be evaluated to determine whether you have a permanent total disability or a partial permanent disability. The outcome of your medical evaluation will be a strong determining factor in the amount of your award.
Of course, every case is different. Some clients benefit from a lump sum award while some are better served by payments over time. Our lawyers will work with you closely to analyze your situation and determine which course of action best suits your legal and financial needs.
Learn More By Contacting Our Firm
If you have suffered a workplace injury and have questions about lump sum settlements, we are here for you. Contact us today online or by telephone at 888-312-5516 to speak with an experienced New York work injury lawyer. Dennis Kenny Law, provides free initial consultations.