This video is required for injured workers to watch if they decide to settle their workers’ compensation claim through a Section 32 Settlement. The agreement must be approved by the Workers’ Compensation Board and is a negotiation between the injured worker, their attorney and the insurance carrier. Settlements can be applied to indemnity and/or medical benefits involved in the claim. Once approved, the settled matter (indemnity and/or medical benefits) will be closed forever and cannot be reopened. As a result, claimants will receive a lump sum or yearly payment of the agreed amount. Claimants cannot seek further payments for lost wages or medical benefits regarding the claim.
Are you considering settling your claim?
Watch the New York State Workers’ Compensation Board instructional video on the Section 32 Waiver Agreement with helpful information about the settlement process of a workers’ compensation case.