If you are considering accepting a cash settlement, speaking the attorneys at White & Stradley LLP first is in your best interest. An insurance adjuster may be suggesting you accept an offer. The amount of the offer and feeling like you no longer need to deal with the claim may be appealing.
What are my rights after receiving a cash settlement?
Keep in mind that accepting a cash settlement truly ends your case. The courts consider your case resolved. They will not come back in the future and review whether the amount ended up being fair to you.
- You waive the right to a trial
- You cannot reopen a case
- You cannot receive further compensation for medical treatment
What should be considered before accepting a cash settlement?
We understand that it is possible for an injured worker to reach maximum medical improvement causing income benefits stop. It is important to consider the long-term impact of your injury. It may seem impossible to predict what you may require medically in the future. When you have our experienced attorneys on your side, it is much easier to determine. If you are being offered a cash settlement and you are not represented by an attorney, think twice before taking it. A confidential consultation with the experienced North Carolina Workers’ Compensation attorneys at White & Stradley LLP will only help you further understand your rights. You may be receiving a fair offer in your cash settlement but if you are not, how will you reopen your case?