Is my employers workers compensation insurance company required to pay me a lump sum settlement for future compensation for my work injuries?
A. Your employer/insurance company is not legally required to pay you a lump sum settlement for future compensation for your work injuries. You cannot force a settlement in this regard on them, and likewise, they cannot force such a settlement on you. However, in many cases, the employer/insurance company and the injured worker can reach an agreement on the terms of future payment of compensation. A lump sum settlement for future compensation for your work injuries, also referred to as a Compromise and Release Agreement, is the result of a mutual agreement between you and the employer/insurance company as to the nature and extent of the future compensation that you will be paid as compensation for your work injuries. This type of settlement agreement is usually arrived at after a series of negotiations take place between you (through your workers’ compensation attorney) and the employer/insurance company, and the settlement agreement and its terms are only finalized after a hearing bef
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