Section 32 Settlement

A section 32 settlement is an agreement to close out your workers compensation case in exchange for a sum of money.

Section 32 settlement. A section 32 settlement might be a great solution for you if your medical claims are largely understood and resolved. Before making the final decision to settle medical benefits with a section 32 waiver agreement it is suggested that the injured worker talk to their. New york workers compensation law 32 allows for resolution of specific issues or the entire case at any stage in the proceedings.

Because a section 32 settlement is a negotiated agreement between the injured person and the insurance carrier paying the benefits you and your workers comp attorney if you have one will have the opportunity to discuss the terms and try to. A section 32 waiver agreement is a negotiated settlement between you and the insurer. Therefore section 32 settlements often offer a way to get a lump sum of money and be finished with a case as opposed to it dragging out and then fading away good luck.

Most schedule 32 settlements are paid in a lump sum. These settlements are typically referred to as section 32 settlements because of the specific section of the law that authorizes these settlement agreements. In new york claims are either settled.

Specifically a section 32 settlement is an agreement between an injured worker and their employer s insurance company or third party administrator who is responsible for processing workers compensation payments. However in a small number of cases workers receive periodic payments over time instead for example every week month or year. Section 32 waiver agreements are a negotiated agreement between the injured worker and the insurance carrier to settle benefits on a claim.

It is a serious decision that you must consider carefully before making the agreement. Section 32 settlements are entirely voluntary. The answers provided here are general and not related to the specifc facts of your case.

You should never feel forced to accept this option. A waiver agreement ends the right of an injured worker to ongoing and future benefits in exchange for a lump sum payment or an annuity. For section 32 waiver agreements that settle indemnity only the board has created a mandatory form 32 i settlement agreement section 32 wcl indemnity only settlement agreement which must be submitted in addition to forms c 32 and c 32 1.