Settlement conferences: The process and the benefits to you
Settlement conferences are valuable and effective ways to resolve workers’ compensation cases. Two parties who struggle to find compromise have the opportunity to negotiate a compromise outside of the courtroom. Both sides can benefit from a middle ground that provides closure and allows injured workers to move on with their lives.
Simply stated, everyone involved has a say in the outcome of settlement talks. They can avoid the lengthy process that comes with a formal workers’ compensation hearing.
Specific information injured workers should know about settlement conferences include:
- Workers’ compensation claims in Colorado can be settled at any step in the process
- The Colorado Department of Labor and Employment offer settlement conferences where both sides can try to negotiate a settlement
- Settlement conferences last two hours and presided over by a judge
- Any party or their legal counsel can schedule a settlement conference
- Parties appear in person, represented by their attorneys who negotiate on their behalf
- Negotiations can take place even if a claim is denied in its entirety
- The process of a settlement conference involves a complex analysis of the monetary value that takes into account all aspects of the claim
- All discussions during the conference are confidential and cannot be used against the claimant in court
- Injured workers do not lose their rights to a hearing if both sides fail to reach an agreement
If you have been injured at work and seeking an evaluation of your possible workers’ compensation settlement, contact Alverson + O’Brien, P.C.