Settlement of a California Workers’ Compensation case is done in 1 of 2 ways:
1. Stipulation or
2. Compromise and release.
If you settle your case by way of stipulation, this means that both sides will agree about your permanent disability rating. This number has a specific, defined value under California law and whatever amount that is will be paid to you in small payments made over time. You also will have the benefit of future medical care for all the admitted injured body parts through the workers’ compensation system.
If you settle your case by way of compromise and release, then your entire case will be shut down in exchange for one lump sum payment. Insurance companies often prefer this method because they are “buying out” your right to future medical care. Employers will often require the voluntary resignation of an employee if the injured worker chooses to settle by way of compromise and release — but not always.
If you are an injured worker in Southern California, contact attorney Brian W. Freeman for a free consultation at http://www.brianwfreeman.com.