Under New York Workers' Compensation Law, you may enter into a Section 32 lump sum agreement with the insurance company representing your employer rather than receive weekly payments as an injured worker. Self-insured employers and third parties can also enter this type of arrangement with workers injured on the job.

A Section 32 settlement differs significantly from a Loss of Use award (SLU) is that it typically closes your case, even if you have a permanent disability. With a schedule loss claim, you receive a weekly payment for a maximum number of weeks accordingly to your percentage of loss. We understand that accepting a lump sum settlement has both positive and potentially negative consequences to consider. Because of our many years of experience with this legal issue, we can assist you with choosing an option in your best interest as quickly and efficiently as possible.

One of the major benefits of accepting a settlement is that your payout is tax-free and you never have to deal with anything involving a workers’ compensation settlement again. You also have no restrictions on how you can use the money. While you may spend most of it on medical expenses, you can also spend it to take a vacation, pay for a child’s college education, or any other way that you see fit. You need to carefully consider that you have no right to future claims even if you require surgery or need more medical treatment or a higher level of medical benefits than you initially expected. This type of claim is also entirely different from a social security disability claim.

Our attorneys will use our significant experience with workers’ compensation settlements to advise you accordingly on whether you should attempt to negotiate for a lump sum payout or stick with the traditional method of weekly workers’ compensation payments.

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Practice areas: Workers' Compensation, Personal Injury, Social Security Disability Benefits, Veterans' Disability, and General Legal Services

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