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Do Lump-Sum Payments Help or Hurt in Workers’ Compensation Cases?

Colorado Workers Compensation Attorneys

Should I get a one lump-sum payment?

Is it better to get payments every month?

Will it hurt my case if I get a lump-sum payment?

Lump-sum payments aren’t the right choice for everyone, but in many cases, they can provide injured workers with financial help they need to get back on their feet. Some insurers fail to agree to lump-sum payments because the worry large-sum payments might make an injured worker less likely to return to work right away.

A Workers Compensation Research Institute study “reviewed the cases of 2,138 workers who were injured in 2004 and later received lump-sum payments. Most workers – nearly 80 percent – did not have a change in status; if they were working at the time of receiving a lump-sum payment, they stayed employed (and vice versa). However, for those that did change employment status, more returned to work than left. The only exception was for older workers, who were more likely to leave the workforce after a settlement.

The researchers concluded that a lump-sum payment could actually encourage an injured worker to return to work. They hypothesized that lump-sum payments might help workers close stressful chapters in their lives and move on to something new.”

If you have questions about lump-sum payments or feeling overwhelmed by how complicated it can be to handle a case on your own, you should contact one of our experienced workers’ compensation attorneys in Colorado.

Get Started Today: Contact Experienced Colorado Workers’ Compensation Attorneys!

If you have questions about your workers' compensation rights, speak to our experienced Colorado workers’ compensation attorneys today! We make sure you and your case get the attention you deserve!

The initial consult with our office is free! If you have a question or concern about your claim for Colorado Workers' Compensation, please set up an appointment with us to discuss your rights.

Hurt at work? Need money?

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Contact us anytime, on weekends, or after hours! We'll return your call the next day. Please include a phone number or email address. We will keep your information strictly confidential.

"Kaufman and Kaufman was extremely professional in my case. They set appointments as often as I requested which was often weekly or more. They handled all the problems that came up and ended up settling my case for more than I expected. I was very happy with the result."

- Jeff (2015)

"I’ve known the folks at Kaufman and Kaufman for more than 30 years. Correct - I said 30 years. The Kaufman’s have *always* done the right thing, especially when it’s not easy. Trust, in 2022, is hard. Trusting the Kaufman’s, in 2022, is simple."

- Jeff W. (2022)

"Kaufman and Kaufman represented me in a workman’s comp case and I couldn’t be happier with their service. They were very professional and gave me the personal service I was relying on. I hope I never get in that kind of situation again but if I do the Kaufman’s would be the firm I’d call. I highly recommend them."

- Erik (2022)

"Couldn't have asked for a more compassionate and thorough legal representation! Matt was so patient in taking the time to explain everything. The entire staff was incredible. I felt bolstered and validated throughout. I would recommend K&K to anyone going through a dark time with a debilitating injury.. they truly do care about their clients."

- Jessica C. (2022)

"The Kaufmans are a family owned firm that I highly recommend! They have always acted with integrity and intent to help people as best they can. You can trust them and I have dealt with the Kaufmans for a number of years now."

- JB (2022)

"The Kaufman team is very professional and knowledgeable about the work comp laws . They guided me in every step of the process, and if I ever have to do this again , they would be my first call. Without them i wouldn't have been able to pay my bills, and provide for my family. Thanks again to Kaufman and Kaufman for allowing my family to survive."

- Joshua (2022)