Some people are under the misconception that if they are injured at work, the business will automatically compensate them for their injuries and anytime that they miss from work. This is simply not the case at all though. In order to qualify for worker's compensation, it must be proven that you were injured during work and that the injuries are severe enough that you cannot come back to work. Once these factors have been established, you may be given the opportunity to get payments for your injuries or receive a settlement in a lump sum that will only be paid to you one time. You need to hire a worker's compensation attorney before agreeing to any settlement. The following guide walks you through a few ways the attorney can help you choose the right option for your specific needs.
Only Temporarily Disabled
If you are injured while working to the point where you cannot work for a few months or a few years, it will be best for you to receive small payments throughout that time rather than settling for a lump sum because when you accept a lump sum of money, it is often far less than you would have received if you would have opted to receive payments over an extended period of time. The payments will come on a regular basis so you can count on them as income for the entire time that you are not able to work.
Ongoing Medical Bills
If you do choose to take a lump sum payment, the attorney will be able to include an addendum that specifies that the company will be responsible for all medical costs associated with the injuries in the future. If you did not have the addendum added, you would be responsible for paying for the medical costs that you incur in the future out of your own pocket.
Become Permanently Disabled
If doctors determine that you are permanently disabled and will never be able to work again, taking a lump sum payment may be a good option for you because it allows you to get the money you need to get back on your feet when you need it. The attorney will be able to fight for you to get the largest sum possible to ensure that you are going to be able to support yourself in the future. Even though you receive the settlement, you may also be able to receive disability payments from the government, as well.
Once these factors are discussed, you will be able to make an informed decision about settling for a lump sum of money or getting your payments over an extended period of time. The guidance from an attorney like Law Office of Leslie S. Shaw will help you better understand your options and ensure you make the right decision for your specific situation.