Workers Compensation Settlements: Should You Settle?

If you are going through a workers compensation claim, you might wonder whether you should accept a Structured Settlement offer. After all, the dollar amount of the settlement can seem very attractive. Before you chose a Structured Settlement offer though, it is important to consider all of the factors.


Under Washington state law, not all workers are eligible for a structured settlement. To qualify, you  must currently be aged 53 or above, and your approved claim must be at least 180 days old. If you do not meet these criteria, you cannot settle your workers compensation claim.

Workers Compensation Settlements

Length of Disability

If you accept a Structured Settlement offer on your claim, you will waive your right to current and future time loss compensation benefits, further medical treatment, and vocational services. That means that your settlement negotiations must take into account how long you are likely to be disabled. Doctors’ opinions may vary widely on this, and the Department of Labor and Industries or your employer will want to use the lowest estimate. Nonetheless, it is a complex and very important calculation, especially if you are permanently disabled, and you will need an experienced lawyer to help you.

Financial Impacts

Taking a large lump sum settlement payment can have a major impact on different issues in your life. Speak with your attorney and a financial expert for more information on how a settlement could impact your budget and lifestyle.

Whether or not to settle your workers compensation claim through the Structured Settlement process is a complex decision that should not be undertaken without the assistance of experienced legal counsel. Everyone’s situation is different, and the decisions you make now could have a long term impact on your financial future. An expert workers compensation lawyer can help you sort through the pros and cons. Should you decide to proceed, your lawyer will negotiate your settlement agreement to ensure that your rights are protected and that you receive the highest amount possible.

Bryan Stubbs, Attorney at Law, assists clients throughout the Tacoma, WA area. To protect your rights, speak to us as soon as possible after an injury. For over 50 years, our office has been helping injured workers on workers compensation claims and third party claims. We will fight for your rights and secure the best outcome for your injury claim! BBB A+ Rating.

Contact Bryan Stubbs today at 253-383-5891 to schedule a free initial consultation. If you or a loved one have been seriously injured in an accident at work, call us today.

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