Lump Sum Settlements
Most Michigan workers’ comp settlements are made in a lump sum. In a lump sum settlement, the insurance company agrees to make one payment that resolves your entire workers’ comp claim.
A lump sum settlement is different than a voluntary payment (VP) agreement. A VP agreement simply means that the insurance company has agreed to voluntarily pay you a certain amount in workers’ comp benefits. If you signed a brief voluntary payment form (Form WC-115) and did not attend a redemption hearing (see below), you did not settle your case. You can still demand ongoing benefits or file an appeal if the insurance company disputes your benefits in the future.
NO, you should not settle your worker’s compensation case in Michigan without consulting an attorney that specializes in Michigan worker’s compensation settlements. At the Law Offices of David Zimmerman we have been negotiating settlements with insurance companies for 25 years. We know exactly what issues are crucial to getting the maximum settlement amount. We know how to exactly keep as much of the leverage on your side as possible. We have vocational experts and medical experts that maximize your Michigan Worker’s Compensation settlement. Please contact us for a free Michigan Worker’s Compensation settlement consultation. Call at anytime day or night 586-991-0600.