What is a workers' compensation settlement agreement?

A workers’ compensation settlement agreement is an agreement between an employer and an employee that settles a workers’ compensation case. It is commonly used when an employee has been injured at work and wants to resolve their legal claim against their employer outside of court. In a workers’ compensation settlement agreement, the employee and their employer come to an agreement on the amount of money the employer will pay the employee in order to settle the claim. The settlement agreement may also outline other terms, such as the employer’s agreement to provide future medical care or modifications to the employee’s job duties. The settlement agreement is legally binding and must be approved by the state of California’s Workers’ Compensation Appeals Board (WCAB). This ensures that the settlement is fair to both the employee and the employer. Once the settlement is approved by the WCAB, it becomes a final decision and cannot be changed. This means that any money the employee receives through the settlement is the final amount they will receive for the injury, and the employer is no longer liable for any future medical expenses or other losses related to the injury. A workers’ compensation settlement agreement is an important legal mechanism that helps injured employees receive the compensation they deserve while allowing employers to resolve disputes without having to take their case to court.

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What is a workers' compensation settlement agreement?

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