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New York Settlement Agreement Form

New York Settlement Agreement Form

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Settling Your Claim Workers’ compensation is   insurance that provides cash benefits and lifetime  medical care if you are injured or become ill   as a direct result of your job. But you and the  insurance company can agree to permanently close   your claim in exchange for one lump-sum payment or  an annual payment. This is known as settling the   claim with a Section 32 waiver. It’s a waiver  because you’re waiving your right to future   compensation in exchange for this payment today. Because a workers’ compensation claim can pay   both lost wages and medical care, we’ll review  how a Section 32 waiver effects both of these.   You can settle one and keep the other open  – so you get benefits the same way you do   today – or you can close both. That’s  up to you and the insurance company.  What parts of a claim can be permanently closed? First, let’s talk about the lost wages.  You can take one lump-sum payment for your  future lost wages or

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