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Lump Sum Settlement

At The Davis Law Group P.C., our attorneys will help determine whether a lump sum settlement is right for your specific case. Lump sum settlements compensate an injured employee in an agreed-upon one-time payment after a claim is filed with the Commission. Lump sum settlements, or settlement contracts, usually result when an employer is disputing the amount it owes you or denies liability for your injury in its entirety. Settling may be to your benefit, as it ensures you get some sort of compensation. Generally, lump sum settlements will extinguish your rights to future benefits.

The terms of the settlement reached between you and your employer must be spelled out on the Commission’s Settlement Contract form. The parties will present the form to the arbitrator, who must approve it. An approved settlement is binding. The Commission generally takes about two years from filing a claim to approve the settlement.

You should consult with the worker's compensation attorneys at The Davis Law Group, P.C. before entering into any sort of settlement with your employer, as the agreement shall be read thoroughly and carefully. Our workers' compensation lawyers handle cases throughout Illinois and the Chicagoland area including Cook, Lake, and DuPage Counties. Contact us today for a free consultation.

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Client Reviews
I wanted to let you know that I finally got my license back today. I want to thank you guys from the bottom of my heart. You did an amazing job and helped another person turn their life around. I will forever be indebted. Rest assured that I will refer anybody that I hear is in trouble to you guys. Thank you again. All the best. M.M.
I want to extend my sincere gratitude for the success in getting my charges reduced. It has been a rather traumatic experience for me. Though I try to keep an optimistic outlook, it didn't seem possible. But you guys pulled it off and I couldn't be more grateful. This has been a great weight lifted off my shoulders. D.F.
I would like to take this time to thank you for a job well done. I received my full reinstatement documents today for full driving privileges. This took me by surprise. I did not expect to see the results this fast. I just want to say that I am blessed to have a very good lawyer like yourself to guide me through the process... I am very grateful. You're the best. Thanks again. G.B.
My special thanks for your help, guidance, and support during a most difficult time. You came recommended as "the best" and you lived up to your reputation! I wish you a lovely holiday season and a new year of challenges overcome, new joys experienced, and much fulfillment realized. All good thoughts your way. S.S.
I am very grateful for your work and representation. Although it is difficult for me to truly express my gratitude through e-mail, I hope you can still understand how thankful I am that we were able to dismiss my case on the first court date. I am very pleased with the outcome. Again, thank you very much for your time. Please enjoy the rest of your week. D.K.