Answers: How are workers’ comp settlements paid?

Workers’ compensation claimants who have a lasting impairment often negotiate a settlement with insurers to cover future medical expenses and future earnings losses. Settlement talks usually begin when the claimant is told the condition has reached the point of maximum medical improvement.

Insurers sometimes offer a lump-sum settlement. The other payment option is a structured settlement. A local workers’ compensation attorney can outline the workers’ compensation settlement procedures in your state.