Filing for Workers' Compensation after an on-the-job injury or workplace-related illness can involve a lot of complexity.
While "fill out the Accident Report and turn it in to your supervisor" seems like a simple enough starting point, in the end you, your employer, and the insurance company that provides insurance coverage for the employer will all be involved in trying to bring your WC claim to a satisfactory conclusion.
Unfortunately, what sort of outcome is considered "satisfactory" to your employer and the insurance company they work with may be very different from what is satisfactory for you.
Any time you receive the suggestion to settle, you need to ask yourself the following question:
"Is it more beneficial for me to settle my Workers' Compensation case, or will it benefit me more to have the matter decided by the Workers' Compensation Commission?"