Workers Compensation Settlement in Atlanta
Personal injury lawyer serving workers compensation clients in Atlanta, Marietta, Cartersville, Decatur and surrounding areas
If you have been in an accident at work, it may be in your best interests to take an Atlanta workers comp settlement rather than continue fighting an employer over the amount and type of benefits. The wear and tear on an employee as a case goes through lengthy proceedings can be devastating. A settlement has the advantage of fully resolving a case about workers comp benefits in Atlanta.
But what looks good at first blush must be thought about and examined carefully. An attorney can help you come to a decision about whether a settlement is right for you, and can fight to get you the best settlement possible.
Lump Sum Settlement
A workers comp settlement in Atlanta can take the form of a lump sum. If an employee settles for a lump sum amount, the insurance company will require that the payment be a full release of any future claims. So while the lump sum may seem attractive, you have to examine whether the amount will be enough to protect you and your family in the future.
Think about it. With a lump sum, you will not receive wage loss checks every week, and most importantly, the insurance company will no longer be paying for your medical expenses due to your injury. What happens if your injury grows worse over the years? If you have settled for a lump sum you will not be able to do anything about it.
Types of workers Comp settlements in Atlanta
In Georgia there are two types of workers’ compensation settlements. The first is the bona fide dispute and the second is the no liability settlement agreement. Any settlement entered into is binding upon both parties, and it must be submitted to, reviewed, and approved by the State Board of Workers' Compensation.
In a bona fide dispute settlement, the employer admits liability and the settlement sets forth the contentions of both parties. The settlement agreement sets forth amounts paid to the employee to settle the workers' compensation case.
In a no liability settlement, the employer does not admit liability and the settlement sets forth the contentions of both parties. In a no liability settlement agreement, the employee agrees to dismiss the claim against the employer. The parties enter into a separate agreement that outlines the payment to be made to settle the matter.
Contact Hoffspiegel & Associates, Atlanta workers compensation settlement lawyers, if you have any questions about Atlanta workers comp or Atlanta workers comp claim. Call our law firm at 404.760.8600 for a free consultation.