Louisiana Workers’ Compensation FAQ: What is a Workers’ Compensation Lump Sum Settlement and How Can I Get One?

One thing about legal claims that most Louisiana workers likely know about is that there are a number of ways that they can be resolved. Indeed, in Louisiana civil cases, such as personal injury car accident cases, medical malpractice, employment law claims, and other cases, a plaintiff’s claim can be resolved either by trial, or by forms of alternative dispute resolution, such as mediation, arbitration, and face-to-face negotiations. However, one thing that injured workers in Louisiana may not know is that like other types of civil claims, workers’ compensation claims may also be resolved by a lump sum settlement. But what exactly is a workers’ compensation lump sum settlement? And where can injured workers go for legal help if they are interested in settling their workers’ compensation claim? We answer those questions here.

What is a Workers’ Compensation Lump Sum Settlement? 

At the outset, it is important for injured Louisiana workers to know exactly what a workers’ compensation lump sum settlement is. A workers’ compensation lump sum settlement is an agreement reached in a workers’ compensation case between the injured worker and their employer (or the employer’s insurance company) to resolve the workers’ claims for a certain amount of money. As the Louisiana State Board of Workers’ Compensation explains, “You may enter into a lump sum or compromise settlement upon agreement of all of the parties and with the approval of the Workers’ Compensation Judge, provided that, (a) the settlement is clearly in the best interest of all of the parties, and (b) six months have passed since the end of Total Temporary Disability (TTD). However, the six months waiting period may be waived by the consent of the parties.” Accordingly, it is also important for injured Louisiana workers to note that if they do reach a settlement of their workers’ compensation claims, they must have that settlement approved by a Workers’ Compensation Judge. There are a number of nuances regarding workers’ compensation lump sum settlements under Louisiana laws, so it is best to speak with an experienced Louisiana workers’ compensation lawyer about your case if you are interested in potentially resolving it through the lump sum settlement route.

Protect Your Rights to Workers’ Compensation – Louisiana Workers’ Compensation Lawyer 

Another thing that is important for injured Louisiana workers who are interested in potentially resolving their workers’ compensation claims through a lump sum settlement to know is that they have the right to be represented by an experienced Louisiana workers’ compensation lawyer in their case. An experienced Louisiana workers’ compensation lawyer can help you understand the value of your claim and can ensure that you do not settle for less than what is due to you.

If you are in Louisiana and you need legal help getting Louisiana workers’ compensation benefits due to you, contact the experienced Louisiana workers’ compensation lawyers at the law firm Lunsford Baskin & Priebe, PLLC. The experienced Louisiana workers’ compensation lawyers at Lunsford Baskin & Priebe, PLLC are here to help injured workers get workers’ compensation benefits due to them. Contact Lunsford Baskin & Priebe, PLLC today and speak to a lawyer about your case now.

Source:

laworks.net/FAQs/FAQ_WorkComp_RightsAndResponsibilities.asp#answer_9