When someone suffers a serious bodily injury as a result of another person’s or company’s negligent actions or inactions, our civil justice system allows the victim to seek financial restitution for their losses and harms. Money damages or compensatory damages are terms used to describe the financial restitution sought in civil actions. These damages typically include reimbursement for the victim’s medical expenses, lost income, and compensation for the pain and suffering they endured as a result of the accident. In more heinous cases, a jury may award punitive damages.
When an accident victim files a personal injury claim, it does not guarantee that they will receive compensatory damages from the negligent party or parties. Furthermore, the vast majority of accident victims do not walk away with a large sum of money that will enable them to retire early. According to Martindale-Nolo Research data, the average personal injury settlement is around $53,000.
If a personal injury claim cannot be resolved through negotiation, your case may be heard in court. The vast majority of personal injury cases are settled out of court, but four to five percent go to trial. Personal injury and wrongful death cases that go to trial usually produce the most dramatic results. Our Denver personal injury attorneys help clients reach the best possible outcomes in their cases.
Major personal injury verdicts in Colorado
Thankfully Colorado has not been home to any of these plaintiffs suffering catastrophic injuries. Our state often sees juries award multimillion dollar verdicts. After paying litigation expenses and contingency fees, the leftover money is not exactly a windfall. Often, much of the remaining settlement or verdict goes to medical bills or paying debts from losing wages. Although money is great to have, it is better to have a good life than struggle with medical complications from an accident with a little money in the bank. For this reason, you should always take opportunities to use safety devices, like a seatbelt or wearing a motorcycle helmet.
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