Legal Question in Workers Comp in New York

Please Explain

What is the difference between Lumpsum,Award and settlement are they the same in workers comp? Please explain....


Asked on 4/17/09, 4:27 pm

1 Answer from Attorneys
Jason Kessler Law Offices of Jason B. Kessler, P.C.

Re: Please Explain

A lump sum is one type of settlement option in a workers compensation case. Basically it is a one time monetary payment where the claiment elects to give up all future compensation rights in exchange for $.

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Answered on 4/17/09, 4:52 pm


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