Workers’ Compensation Settlements
What does it mean to settle a workers’ compensation case in Colorado? Injured workers are often approached by the workers’ compensation carrier to settle their case. The majority of the time, what it means to settle one’s case is to waive future potential workers’ compensation benefits. In exchange for that waiver, a certain sum of money, over and beyond the Permanent Partial Disability benefits that may be owed, will be paid. One must beware of this tactic as the insurance carrier is attempting to save itself money on the claim. Unfortunately, persons that are injured at work are often not properly advised. Therefore, the injured party gets taken advantage of by the insurance carrier because the money offered is lower than the actually worth of the waiver. My advice to any person that is injured on the job and that is approached by a carrier to settle their claim, whether it is early or late in the claim process, beware of doing such as it may place you and your family in peril. The carrier may seem to be working with you by dangling a carrot in front of your nose, but that carrot can be poisonous.
The Sawaya Law Firm is Denver’s personal injury law firm. With over 40 years of experience and a compassionate team prepared to listen to your story, The Sawaya Law Firm is here to help. Contact us anytime.
Michael established The Sawaya Law Firm in 1977 and built it into one of the largest personal injury law firms in Colorado, with more than 20 lawyers and 80 staff members serving clients from five offices located in Denver, Greeley and Colorado Springs. Throughout its history, the firm has stayed true to its 12 Core Values, which emphasize excellence in advocacy and a commitment to providing outstanding client service. Michael studied sociology and economics as an undergraduate student at The Colorado College, and he earned his law degree from the Texas Tech University School of Law. In addition to being involved in several legal and community organizations, Michael enjoys playing music and cooking, and he has written a book on spiritual matters.