A settlement finalises a workers’ compensation claim. If a worker enters into a settlement, they will not be entitled to any further compensation under the Workers’ Compensation and Injury Management Act 1981.
A settlement may include lump sum compensation for permanent incapacity, future medical expenses, and/or permanent impairment. A settlement may also prevent the worker from pursuing common law damages.
If a worker has commenced a common law action in relation to their injury, the parties may be able to enter a common law settlement.
As each claim is different, your workers’ compensation insurer is best placed to provide specific information and advice in relation to settlement of a particular claim.