Full And Final Settlements For Ohio Workers' Compensation Claims
Depending on the circumstances of your injuries and your claim, it may be in your best interests to reach a lump sum full and final settlement as opposed to exercising ongoing participation rights. Although a full and final settlement may not be the right choice for everyone, consider the following:
- A settlement offers a guaranteed benefit. This is important to consider as a workers’ compensation claim expires in the event five years go by without any activity in your claim and also upon your death.
- If your claim has stalled and has had little activity, it may be in your best interests to pursue a lump sum settlement to ensure that you receive compensation prior to the expiration and closing of your claim.
- A partial settlement many times can be achieved while maintaining future medical treatment coverage. This means your medical claim can remain open to cover you for future medical treatment even if you settle and accept a lump sum.
We Help Injured Workers Manage And Resolve Their Claims With The Ohio BWC and Ohio Self-Insured Employers.
To schedule a free initial consultation with us at our northeast Ohio law office, call 216-642-9007 or complete our online contact form to receive a prompt response from our staff.