When to Sign a Workers’ Compensation Clincher Agreement

If you’ve been injured on the job, your employer’s Workers’ Compensation insurance company may offer a clincher agreement or full and final release. This quick settlement may seem like a great solution now – but the decision to accept should not be made hastily.

Here at Hoffman Law Firm, our South Carolina Workers’ Compensation attorneys can help you consider your options – and choose the one that’s best for your future and your family.

Pros & Cons of a Lump Sum Settlement

After filing a Workers’ Compensation claim, injured workers may be offered a lump-sum payment at the end of the case as a full and final settlement. With lost wages to consider and medical bills stacking up, accepting a Workers’ Compensation clincher settlement can be very tempting. But it is crucial to consider the pros and cons, and to consult with an experienced attorney.


  • Provides quick access to cash
  • Resolves the case and puts the injured worker back in control of their medical care
  • Saves time and keeps you out of the courtroom


  • Forfeits payment for future/ongoing care through Workers’ Comp system
  • Prevents you from claiming weekly Workers’ Comp benefits to make up for lost or decreased wages
  • Could be risky for injured workers who may need surgery or costly medications down the road

Note: While a lump-sum distribution may be a financially irresponsible choice for those with poor budgeting skills, structured payments are sometimes available. In a structured settlement, the total amount is divided and paid out at regular intervals.

Lifetime Medical Benefits

Accepting a Workers’ Compensation clincher settlement usually means giving up medical benefits. For injured workers facing permanent disability or the possibility of surgery or costly medication in the future, this is not often advised.

If you do not know exactly what kind of ongoing care you will require, accepting a lump sum distribution could leave money on the table. Opting for lifetime medical benefits, however, means that the insurance company may be responsible for paying for certain medical treatment in the future.

How Much Can I Expect To Receive in a Workers’ Comp Settlement?

Calculating the value of a final settlement is no easy task. Keep in mind that the insurance company wants to pay out as little as possible. Your Workers’ Compensation settlement is all business for them – but our team understands that your future is at stake.

Our experienced Workers’ Compensation lawyers will first consider the medical care you will need in the future. We will also consider your ability to work as well as any restrictions you may have resulting from the accident. Once we have a better understanding of the payment you deserve, we can advise you whether or not signing a clincher agreement or full and final release is a good idea.

Charleston Workers’ Compensation Lawyers

If you have been offered a Workers’ Comp settlement, the qualified attorneys at Hoffman Law Firm can help you consider all your options. It is important not to wait until an offer has been made. Most of the time, waiting too long means that certain things have been locked in.

Nevertheless, call us and we will evaluate your case at no cost to you. We are here to help – conveniently located in North Charleston, SC!

Whether you’ve suffered a personal injury or workplace injury, our team can assist you in filing a claim and recovering the damages you deserve. Call Hoffman Law Firm today to schedule your free consultation!

Get a Free Consultation