When to Sign a Workers’ Compensation Clincher Agreement

workers' compensation settlement with two people with settlement agreement with their hands closed as they discuss settlement agreement

Did you get injured on the job? Your employer’s Workers’ Compensation insurance company may offer a clincher agreement or full and final release. This quick settlement can seem like a great solution now – but the decision to accept this workers’ compensation settlement agreement 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.

Workers’ Compensation Agreement: Pros & Cons of a Lump Sum Settlement

First, after filing a Workers’ Compensation claim (also known as workers’ comp and workman’s comp), injured workers can be offered a lump-sum payment at the end of the case as a full and final settlement.

Due to the accident, you begin to experience lost wages and the medical bills start to stack up. So, your decision to accept a Workers’ Compensation clincher settlement can be very tempting. But it is crucial to consider the pros and cons, and to not underestimate why it is so important to consult with an experienced workers’ comp 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 can act as a financially irresponsible choice for those with poor budgeting skills, structured payments are sometimes available. In a structured settlement, the total amount gets divided and paid out at regular intervals.

Lifetime Medical Benefits

Thus, 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.

Besides, 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’ Compensation Settlement?

workers' compensation settlement with people receiving money from one person to another person for settlement agreement

Furthermore, 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.

Undoubtedly, our experienced Workers’ Compensation lawyers at our Charleston law firm 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.

Some common workplace injury settlements for workers’ compensation settlement injury (but no limited to):

  • Knee injury settlement
  • Eye injury injury settlement
  • Neck and back injury settlement
  • Hand injury settlement
  • Back injury settlement
  • Rotator cuff injury settlement
  • Nerve damage settlement
  • Slap tear settlement
  • Carpal tunnel settlement
  • Arthroscopic knee settlement
  • Post concussion syndrome
  • Brain injury settlement
  • 2 level cervical fusion settlement
  • Cervical radiculopathy settlement
  • Building disc settlement
  • Brachial plexus settlement
  • Degenerative disc disease settlement
  • Hernia settlement

Workers’ Compensation and Personal Injury Settlement: You Need A Trusted Charleston Workers’ Compensation Lawyers

In conclusion, if you get offered a Workers’ Comp settlement, the qualified South South Carolina attorneys at Hoffman Law Firm can help you consider all your options. For worker’s compensation and personal injury settlements, it is important not to wait until an offer gets made. Most of the time, if you choose to wait too long it means that certain things on their end become locked in.

Nevertheless, you can call us and we will evaluate your case at no cost to you. We can help.

Lastly, if you or a loved one suffer a personal injury, car accident, nursing home abuse, medical malpractice or workplace injury, you can contact our Charleston law firm to assist you.

We will work hard in filing a claim and recovering the damages you deserve. Indeed, we offer years of SC law legal advice practicing various personal injury claims. You can call Hoffman Law Firm today to schedule your free consultation!

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