Imagine that you are involved in a serious workplace accident, and as a result, you have to miss work for some time. maybe the injuries were bad enough that you are out of commission for a very long time. Here is the question: once you are well enough again, would you seek employment again? And here's an added factor: if you are awarded a lump sum award for your workers' comp claim, would you still try to work after the incident?
Many people may think that the injured party would sit back and live off of the lump sum payment, but an older study proved that this actually isn't the case, debunking a common line of thinking when it comes to lump sum awards and workers' compensation.