California labor law and personal injury attorney Neil Shouse, talks about a "Compromise and Release" in California workers' compensation cases.
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After a work-related injury and a workers' compensation claim, a "compromise and release" is an agreement with the insurance company to give a lump sum payment to account for all current and future disability, lost wages, and medical costs.
The benefit to a C&R is that the money is not taxable, you can get it all upfront and use the money however you want. The potential drawbacks to a C&R are that the money might not be enough, there may be new expenses or developments with the injury that you could not foresee, and for the most part you cannot go back and try to renegotiate the settlement amount later.
An experienced workers' compensation attorney can help you negotiate the best settlement, and decide what's in your best interest, and whether a compromise and release makes sense for you.
If you or a loved one has had their rights violated by an employer in a workers' comp case, we invite you to contact us at Shouse Law Group. We can provide a free consultation in office or by phone. We have local offices in Los Angeles, the San Fernando Valley, Pasadena, Long Beach, Orange County, Ventura, San Bernardino, Rancho Cucamonga, Riverside, San Diego, Sacramento, Oakland, San Francisco, San Jose and throughout California.
