It is critically important that if an insurer offers you a lump-sum settlement that you seek the help of workers' comp attorneys. The lump-sum settlement process in Massachusetts is completely voluntary—there is no legal requirement that a case be settled—and unlike other jurisdictions the judges / conciliators here do not have the authority to order lump-sum payments.
Lump-sum settlements are contracts where an insurance company makes an offer to settle your claim and the employee accepts that offer, all on certain specified and mutually agreeable terms. All are subject to review by judges / conciliators at the Department of Industrial Accidents who look to make sure such settlements are in the employee's best interests.
The size of any settlement is determined primarily by the amount of weekly compensation an employee may be entitled to receive and the amount of disability resulting from the injury.
Be very careful in considering a lump-sum settlement. Once the settlement is accepted and approved, it solely determines the benefits you will receive forever from your injury. You must give careful thought to how you will support yourself for the rest of your life. Once a settlement is approved, the injured workers can move on with their life and resume work as soon as they wish. Keep in mind though that employers are not required to rehire you. If you direct, we will fight for that result.
If you’re unsure about how to proceed after being offered a lump-sum settlement, do not hesitate to reach out to our legal team at Percy Law Group, P.C.. We believe in hard work, creative solutions, and working with our clients to find a tailored solution that works best for them. All you need to do is call (508) 718-2545 to request a free consultation. We can discuss your case, your legal options, and help you determine your next steps. We look forward to helping you with your case.
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