Compromise And Release - Printable Version
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Compromise And Release - fencer11 - 12-17-2008 10:12 PM
I have been reading a lot about different types of settlements here. Is the Compromise And Release one that varies by state, or is that an option in all states?
RE: Compromise And Release - jayne - 12-17-2008 11:26 PM
comp and release is just that they give you a little money and you lose your job....
RE: Compromise And Release - chrischris - 12-18-2008 12:13 AM
Here is a link to the C&S form used in California.
Basically, through a compromise agreement, it releases your employer of any further liabilty to your injury. The settlement is usually a bit higher because you cut off the possibility of any future medical.
It is a good way to go if your injury is not life altering, but that is a decision only you can make.
What Jayne said is true. Most employers will only agree to a C&S if you resign or retire. They don't want to take responsibility for any other injuries, and the C&S only releases them from the original injury.
Hope this helps. And, I believe it is basically the same in every State. C&S is a common term used in all insurance claims, not just W/C.
RE: Compromise And Release - 1171 - 12-18-2008 12:43 PM
"compromise and release" has a specific legal meaning and is state specific.
Many states have similar legal agreements that go by different names.
others don't allow them.
RE: Compromise And Release - fencer11 - 12-18-2008 04:35 PM
1171 Wrote:"compromise and release" has a specific legal meaning and is state specific.
Thanks for the replies, I was terminated from my job on the very day that dr said I could not lift more than 10 lbs for the rest of my life (my job was basically being the company "BULL". I live in Mass. and the state website does not offer much info beyond the basics. This forum is a great resource (long time reader).
RE: Compromise And Release - 1171 - 12-18-2008 05:47 PM
I think Massachusetts uses form117 for it's lump sum settlements