Many individuals use the words award and settlement interchangeably. The terms are distinct and specific under workers’ compensation law, however, and they also have different consequences. For example, a settlement can bar you from seeking further compensation for your injuries in the future.
To learn more about settlements and awards for workers’ compensation in Colorado, speak with an experienced lawyer at Eley Law Firm. Attorney Cliff Eley has more than 30 years of experience handling workers’ comp claims for clients throughout Colorado.
Get answers to your workers’ compensation questions. Call 303-785-2828 for a free case evaluation and knowledgeable advice regarding your workers’ comp case.
What Is The Difference Between A Settlement And An Award?
A settlement is an agreement reached among the parties to a workers’ compensation claim. This includes you, your employer and the workers’ compensation insurer (unless your employer is self-insured). This is a type of contract, and it may bar you from seeking further compensation for your injury.
An award, on the other hand, is granted to you by the workers’ compensation court. This may include medical benefits or other types of workers’ compensation awards based on the specifics of your injury. For example, a judge can order — or an insurance company can admit for — temporary and permanent disability benefits. This isn’t a settlement. You don’t have to sign away any rights to get these benefits.
If you need help determining whether you received an award or a settlement, we can help. We can review your situation and help you understand your legal options. We can also advise you before you accept an award or settlement. At every stage of your case, we will work to ensure that you receive the full and fair benefits you need under Colorado’s workers’ comp laws.
Contact A Workers’ Compensation Award Law Firm In Denver
For more information about settlements and awards for workers’ compensation claims in Colorado, contact our law firm in Denver. Call us at 303-785-2828 or email usto set up an appointment. Your first consultation with our firm is free of charge.