A lump-sum settlement is a one-time payment of a specific amount of money, unlike ongoing weekly indemnity benefits, which are your regular workers’ compensation checks. When your case is resolved through a commutation, it becomes a lump-sum settlement—meaning you receive a single payment (for example, $100,000) in exchange for permanently giving up your weekly benefits. This also ends your medical coverage under workers’ compensation, making it essential to evaluate whether accepting a lump sum is the right choice for your long-term financial and medical needs. Our workman’s compensation attorneys can help you weigh the pros and cons of each option, and you can learn more through our RI workers’ comp benefits. Exploring related topics like downsides to taking a lump-sum or benefits of a lump-sum settlement can help you make an informed decision.

Related Articles:

• Are there any downsides to taking a lump-sum settlement?

• What are the benefits of choosing a lump-sum settlement over ongoing payments?

• What are the main types of workers’ comp settlements?

• Do I have to accept a settlement offer?

• How is a workers’ comp settlement calculated?