What is the Difference Between a Verdict and a Settlement in Massachusetts?

What is the Difference Between a Verdict and a Settlement in Massachusetts?

Getting hold of the money you need and deserve is important if you have been injured in Massachusetts. These funds can prove to be extremely helpful as you face missed wages, medical expenses, and a range of other non-economic damages, such as PTSD. With all that said, here are actually a few different ways in which you can get hold of these funds. You may have heard terms like “settlement,” “award,” or “verdict.” But what do these terms actually mean? Which one should you pursue for the maximum amount of money?

If you have questions such as these, it is probably best to get in touch with an experienced personal injury attorney at your earliest convenience. Our legal professionals can guide you toward the best possible outcome. In the context of a personal injury lawsuit, that means we can help you pursue the highest amount of compensation possible.

What is a Verdict?
The term “verdict” refers to the decision of a jury during a personal injury trial. This is when you actually go to court and have your case tried by a judge and jury. When all the evidence has been presented, the jury will have a chance to decide whether you should receive a settlement, and how much that settlement should be worth. Sometimes, you will go through a bench trial instead, which involves no jury. In this case, the judge makes the final decision. However, bench trials are not common with personal injury cases.

What is an Award?
The term “award” generally refers to the outcome of arbitration. This process is similar to a bench trial, although it is generally faster and cheaper. At the end of the day, however, the result is the same. You are awarded a certain amount of money by an arbitrator, and you can use this money to pay for medical expenses, missed wages, and any other damages you might have incurred.

What is a Settlement?
A settlement refers to the outcome of negotiations outside of court. This is by far the most common outcome of a personal injury claim, as most settlements are given by insurance companies that represent defendants. When you settle out of court, you never go to trial. Almost all personal injury cases are resolved in this manner, since both the plaintiff and the defendant generally agree that going to court is too expensive and time-consuming to be effective.

Enlist the Help of a Qualified Attorney Today
If you have been searching the Massachusetts area for a qualified, experienced personal injury attorney, look no further than The Law Offices of Johnson, Sclafani & Moriarty. Over the years, we have helped numerous individuals pursue fair, adequate settlements that reflect the true extent of their injuries. We recognize that you may be suffering from serious, life-altering injuries after your accident, and we know how important these settlements can be. Book your consultation today, and you can take your first steps toward justice, allowing you to pay for all of the damages you have sustained. Call us today. 413-732-8356.