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Risks of Accepting an Early Settlement Offer in Your Accident Case

You want to settle this accident case lawsuit, and you feel that you if you accept the first offer directed towards you, you can avoid the hassle and expense of going to trial. However, there are certain risks in accepting an early settlement offer.

Why does Defense Make an Early Settlement Offer

If you are lucky enough to receive an early settlement offer then it could mean one of two things. First, the defense might have recognized that they are going to have a problem proving or defending their case, or second, they feel there is a possibility of getting out of the case for a paltry and inexpensive amount. The main problem with accepting an early settlement is that you are not going to attain a full value for your case, for your injuries, and for the harms and losses, you have suffered. Why is this so? It is because the defense realizes that:  

  1. You may need the money and not have the time to wait for a larger sum
  2. If they make an early settlement offer you are most likely to grab it and take it
  3. By offering a pitiful settlement at an early stage, they are going to save a significant amount of money and they know this

These psychological motivating factors, the defense will look at and evaluate, to make an early settlement offer or not. Firstly, the defense will consider if they have liability, meaning if they are responsible for the injuries you have suffered. If the answer is yes, then they will consider the type of injuries you have sustained. What type of harm you have suffered, and whether you have any permanent injuries? Are your injuries debilitating or disabling? Are you going to suffer from a disability for the rest of your life?

Risks in Accepting Early Settlement Offer

In the beginning of the case, the defense is not likely to have near enough information to conclude about permanent injuries or disability. Nobody can predict this early in the case because you will still be undergoing treatment for your injuries, and until your care and treatment has finished, there is no way of knowing, how long your injuries are going to be there. You might later need further treatment or corrective surgery, and your injuries might continue for a period, which will significantly increase the value of your accident case. If you accept an early settlement offer, there are outstanding chances that you will not be obtaining full value for your case. Additionally, you might still have to undergo ongoing treatment and care in the future, and the question is who is going to pay for it once you accept an early settlement. Once you have officially accepted a settlement, your case is over, and you cannot initiate another lawsuit to claim a further amount for the same accident. Therefore, it is not wise to accept an early settlement offer, even if it might seem good enough to you. Apart from consulting with your lawyer, you also need to weigh in the fact that you might need further treatment for your injuries, or you might suffer from long-term or permanent disabilities.

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April Johnson
April Johnson
15:54 30 Jun 23
Easy access to thr firm with a very nice Lawyer
Benjamin Roussey
Benjamin Roussey
19:03 29 Jun 23
No firm gets it done like RMFW. They are the best.They are awesome - for sure.
Roberto Martinez
Roberto Martinez
19:02 24 May 23
I’ve been in the personal injury field as an investigator for 29 years. All in New York City. Out of all the hundreds of Law Firms I’ve worked with, Rosenberg Minc Falkoff & Wolf, would have to be at the very top of my list. Amazing staff great attorneys.If you want the job done right, these are you guys.
Julio Ochoa
Julio Ochoa
20:49 18 May 23
I highly recommend Rosenberg, Minc, Falkoff & Wolff, LLP for their outstanding assistance in obtaining a settlement for an Erb's Palsy birth injury case. Their knowledge, dedication, and compassionate attitude were important in attaining a successful end. Their professionalism and assistance were simply outstanding from beginning to end. I am deeply thankful for their representation and would enthusiastically recommend them to anyone seeking justice in a similar situation.
Aisha Neri
Aisha Neri
20:29 18 May 23
I recently had the privilege of working with Rosenberg, Minc, Falkoff & Wolff, LLP on my daughter’s birth injury case involving Erb's Palsy, and I cannot express enough gratitude for their exceptional legal services. From the initial consultation to the successful settlement, they demonstrated profound expertise, unwavering dedication, and genuine compassion for my family's situation.From the very beginning, the team proved their commitment to justice. They thoroughly investigated the circumstances surrounding my child Erb's Palsy birth injury, leaving no stone unturned. Their extensive knowledge and understanding of medical malpractice law, coupled with their deep expertise in birth injury cases, provided us with tremendous confidence in their ability to handle our case.The attorneys at Rosenberg, Minc, Falkoff & Wolff consistently displayed exceptional professionalism and attention to detail throughout the entire legal process. They meticulously gathered evidence, consulted with medical experts, and built a compelling case that clearly outlined the negligence and liability on the part of the medical professionals involved. One aspect that truly stood out was the genuine care and compassion exhibited by Daniel Minc, Lorraine Licul, and the entire team at Rosenberg, Minc, Falkoff & Wolff. They treated us not just as clients but as individuals with unique emotions and concerns. They took the time to listen attentively to our worries, provided constant updates on the progress of our case, and promptly responded to our inquiries, ensuring we felt supported and reassured throughout the process. Their empathy and understanding made an immeasurable difference during such a challenging and emotionally taxing time.When it came time to negotiate a settlement, Daniel Minc demonstrated remarkable skill and tenacity. He fought fiercely on our behalf, advocating for fair compensation to cover any potential long-term effects of Erb's Palsy on my child's life. His negotiation skills were truly impressive, as they secured a settlement that exceeded our expectations and provided the financial resources necessary to support my child's future needs.I cannot recommend Rosenberg, Minc, Falkoff & Wolff highly enough to anyone seeking legal representation in Erb's Palsy birth injury cases or any other medical malpractice matters. Their extensive experience, unwavering dedication, and empathetic approach make them an exceptional choice for families navigating the complexities of birth injury litigation. Thanks to Rosenberg, Minc, Falkoff & Wolff, my family now has the means to provide the best care and opportunities for my child's future.If you are seeking a law firm that combines legal expertise with genuine compassion, look no further than Rosenberg, Minc, Falkoff & Wolff, LLP. They will tirelessly fight for your rights and ensure your voice is heard, providing you with the support and justice you deserve.
Aoki R
Aoki R
17:14 17 May 23
I highly recommend Rosenberg, Minc, Falkoff & Wolff, LLP. They are a team of dedicated professionals fully committed to their clients. I have witnessed the firm's amazing work ethic in my experience with their attorneys and Lorraine Licul. Lorraine is a knowledable, empathetic and results-driven professional. Minc is an excellent attorney and I greatly appreciate the firm's expertise.
Michael Levites
Michael Levites
17:42 12 May 23
I have recommended this firm to some of my friends and I heard back only positive feedback about the client responsiveness, diligence and hard work put in by these attorneys. I will continue to refer anyone who suffered a personal injury to Rosenberg Minc..
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