6 Jan, 2022

Illinois Workers’ Compensation Lump Sum Settlements

Author Todd A. Strong
CategoryWorkers' Compensation
Gold coins in a bag and bags with dollar signs and months of the year.

Most people have many questions about obtaining a settlement in a workers’ comp claim. What type of settlement do I accept? What is the difference in the types of settlements? If you have questions, we are here to help.

At Strong Law Offices, we help educate our clients about every single step of the process of filing a workers’ compensation claim. We believe in providing strong advocacy for our clients and in providing personalized attention at all times. We also know how to effectively fight insurance companies and reach favorable results for our clients.

Gold coins in a bag and bags with dollar signs and months of the year.
Table of Contents

    Should I Get a Lump Sum Settlement from Workers Comp?

    People who have sustained a permanent injury as the result of an on-the-job accident are entitled to a lump-sum settlement award. In a lump sum workers' comp settlement, you will receive the full amount of compensation at the time of the settlement. In structured settlements, you receive some of the money upfront and then receive the rest over time.

    Graphic comparing a lump sum payment to an annuity.

    It is important to have an experienced workers' compensation lawyer walk you through the legal process. We take a detail-oriented approach to working with our clients and explain everything from the beginning steps of filing a claim to the process of obtaining a settlement.

    We have the experience necessary to provide legal advice that is tailored to meet the needs of your unique situation.

    ​Contact Our Peoria Attorneys for a Workers' Compensation Claim

    Workers' Compensation Attorneys at Strong Law

    ​Interested in meeting with us? Contact our lawyers at 309-688-5297 to schedule a free consultation. We have convenient office locations in Peoria, Bloomington, Springfield, and Chicago, Illinois. Evening, weekend and off-site appointments can be made to meet your convenience.

    Other workers' compensation resources:

    About The Author

    Todd Strong
    Personal Injury Lawyer Todd A. Strong Illinois workers’ compensation and personal injury lawyer Todd A. Strong is the founder of Strong Law Offices in Peoria, Illinois. Todd brings considerable legal knowledge, experience, and skill to the table to ensure injured victims throughout the state are treated with respect, dignity, and fairness.
    Years of Experience: More than 20 years
    Illinois Registration Status: Active
    Bar & Court Admissions: Illinois State, 1994
    U.S. District Court, Central District of Illinois, 1994
    U.S. District Court, Northern District of Illinois, 2022
    U.S. District Court, Southern District of Illinois, 2023
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    About The Author

    Todd Strong
    Personal Injury Lawyer Todd A. Strong Illinois workers’ compensation and personal injury lawyer Todd A. Strong is the founder of Strong Law Offices in Peoria, Illinois. Todd brings considerable legal knowledge, experience, and skill to the table to ensure injured victims throughout the state are treated with respect, dignity, and fairness.
    Years of Experience: More than 20 years
    Illinois Registration Status: Active
    Bar & Court Admissions: Illinois State, 1994
    U.S. District Court, Central District of Illinois, 1994
    U.S. District Court, Northern District of Illinois, 2022
    U.S. District Court, Southern District of Illinois, 2023

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