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If you're receiving workers' compensation benefits, the insurance provider may offer you a lump-sum settlement payment. Large payouts can be extremely attractive, especially if you've been struggling to work after your injuries, but you should fully understand how settling your claim will impact your case.

At Kidwell & Gallagher LTD, workers' comp attorneys serve injured people throughout Nevada. Their lawyers explain that accepting a settlement offer can mean:

  • An End To Weekly Benefits: That lump sum is intended to fully compensate you for your injury, which means that you can never claim weekly workers' compensation benefits for that injury, even if you are unable to work later because of it. Before accepting an offer, make sure the lump sum is enough to support you and your family until you return to work.
  • Continued Medical Benefits: Depending on the laws of your state, the insurer might be required to continue paying medical benefits after your settlement. However, be aware that many would prefer not to, and may begin rejecting or delaying some payments on your case.
  • The Settlement Must Be Approved: The workers' compensation agency will have to approve the settlement. They'll hold a hearing in which you will have to demonstrate that you understand the ramifications of settling and have accepted the offer of your own free will.

The accident attorneys at Kidwell & Gallagher LTD have almost 20 years of experience helping people like you get the compensation they deserve. From settling on a value for your injuries to negotiating on your behalf, they'll handle every aspect of the process so you don't have to. Visit their website to learn more, or just call (775) 738-9877 to schedule a consultation today.

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