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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.

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"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."

"My experience working with Kaufman & Kaufman was excellent to say the least. The resources they provided me with was easy to understand and they were very helpful in walking me though the process. Their attention to detail was very professional, and we would recommend them to anyone."