If you or your lawyer decide to negotiation a lump sum settlement when there is a dispute, the terms of the settlement should include the following:
Expected future medical costs.
Unpaid impairment balance
Money towards future wage earnings being decreased.
Retraining costs, if applicable
Clear delineation of what, if any, workers’ comp benefits will continue after settlement.
Essentially, the settlement should cover all potential future costs the worker believes may arise from their injury and situation.