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If you've been injured in an accident or developed a medical condition stemming from your job duties, you may be considering settling your workers' compensation claim. While the lump sum payment you receive in a settlement may be extremely helpful in the short term, doing so may cause you to miss out on many benefits you would otherwise receive. According to the workers' comp attorneys at Kidwell & Gallagher, a law firm serving the Elko, NV, community, the consequences of accepting a settlement offer include:

workers' comp

  • An End To Weekly Benefits: When you settle your suit, you'll no longer be allowed to receive weekly cash benefits to compensate you for that injury. In some cases, this is the best course of action, so consult with Kidwell & Gallagher's attorneys to find out whether you should close out that portion of your case.
  • Continuing Medical Benefits: Whether your medical benefits continue after your settlement depends on the laws of your state, so ask a lawyer if you expect your medical treatments to continue. You may also find that dealing with the insurer becomes more difficult after you've accepted a settlement.
  • A Lengthy Approval Process: Even if you agree to a settlement offer, your arrangement must still be accepted by your state's workers' compensation agency. Kidwell & Gallagher will help you negotiate this complex process so you can receive your payment as soon as possible.

Visit Kidwell & Gallagher online to learn more about their wide range of services, or just call (775) 738-9877 to schedule a consultation today.

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