What is a workers' compensation settlement agreement?

A workers’ compensation settlement agreement is an agreement between the injured employee and their employer that resolves a Virginia workers’ compensation case. This agreement is designed to provide the employee with a lump sum settlement in exchange for the employee not pursuing additional claims related to their injury. The settlement amount is typically determined by considering the costs of ongoing medical treatment, lost wages, and other future income losses that could occur due to the injury. This agreement can be reached before or after a Virginia workers’ compensation case has been heard by a Virginia Workers’ Compensation Commission judge. The agreement can include a release of future potential claims such as litigation or disability benefits and can also contain a confidentiality agreement that prevents either party from discussing the terms of the agreement. This helps to ensure that the case is resolved quickly and that both the employer and employee can move on. Before entering into a workers’ compensation settlement agreement, it is important that you understand all of the terms and conditions as well as your rights and responsibilities as an injured employee in Virginia. It is advised that you consult with a qualified attorney in order to receive legal advice on your specific situation.

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What is a workers' compensation settlement agreement?

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