Personal Injury Settlement vs. Going to Trial: Is One Better?

If you’ve suffered an injury from an accident caused by someone else’s negligence, you may be entitled to compensation for financial and emotional damages. Even though it can be a trying time while you recover from your injury, it’s important to file your claim as soon as possible so you can receive the money you may be owed. However, do not feel pressured to rush for a personal injury settlement without weighing all your options.

Should you resolve your personal injury case through a settlement or court trial? Each has its own advantages and disadvantages, so it’s important to examine each course of action as it relates to your particular claim. Ultimately, you should choose the route that maximizes the compensation you are entitled to without compromising your own comfort level in the process. What is most important to you? A higher reward? Faster resolution? Lower fees? Choose the route you are comfortable with that can best achieve your desired outcome.

At Warren Allen LLP, we understand it can be difficult to make the best decision in the aftermath of an accident. That is why our team of experts is ready to advise you every step of the way. Our firm is dedicated to representing your best interests so you can receive fair compensation and the best resolution possible.

Personal Injury Settlement vs. Going to Trial

Before we examine the pros and cons of opting for a settlement or going to trial, it’s important to first understand the difference between these two viable options.

A personal injury settlement is a formal agreement between the injured party and the at-fault party for an agreed-upon sum of money in lieu of going to court. The injured party drops their legal claim in exchange for financial compensation from the at-fault party. The injured party can receive compensation for financial and emotional damages, including, but not limited to, medical bills, lost wages, property damage, and pain and suffering.

This can happen anytime throughout the litigation process. The plaintiff’s lawyer sends a demand letter to the defendant’s lawyer detailing the amount of damages being sought and the documents justifying these demands. Both parties work toward an agreement through negotiations.

If your personal injury case goes to trial, both the injured and at-fault party present their claims before a judge or jury. Each side of the case is presented through testimonies and physical evidence. After opening statements, cross-examinations, and closing statements, the jury or judge reaches a verdict. Finally, a ruling is issued based on this verdict.

Now that you understand the basic differences between a personal injury settlement and going to trial, which one is better?

Pros and Cons of a Personal Injury Settlement​

When you decide to settle out of court, you can benefit from a faster resolution so you can receive your compensation sooner. This can save you the hassle of lengthy, drawn-out proceedings that may delay payment and generate more stress. An attorney may advise settling to save you the emotional stress of reliving a painful memory in a public court. When you settle, you can ensure your own privacy with a speedier resolution, recoup losses faster, and focus on what matters most: healing.

When you settle, you are not giving up control to an uncertain outcome determined by a judge or jury. You have the power to negotiate the terms and compensation amount, providing more certainty and less risk. You are guaranteed compensation and can negotiate a favorable outcome. You can also avoid costly court fees.

Keep in mind, however, there is potential for lower compensation. To avoid going to trial, the injured party may need to accept a lower amount. While the amount may be less than the result of winning a trial, it is guaranteed. If your case goes to trial, you risk walking away empty-handed. On the other hand, a lower settlement may not fully cover your damages, and all settlements are final. You cannot renegotiate if your injuries worsen.

Pros:

• Faster resolution
• Less risk with certain outcomes and guaranteed compensation
• Lower costs in legal fees, court costs, and lost time at work
• Confidentiality

Cons:

• Potential for lower compensation
• No guarantee of fairness
• No renegotiations
• No public accountability

If you believe the settlement amount is unfair, you could benefit from going to trial.

Pros and Cons of Going to Trial

Insurance companies often attempt to minimize the amount you receive for your personal injury settlement. If you take your claim to trial, an impartial judge or jury determines the outcome. If you have a strong case with clear evidence pointing toward negligence, you may be awarded significantly higher compensation. You may also be awarded additional compensation for pain and suffering.

Court trials can also provide justice for the injured party. The at-fault party is not only deemed liable but found “guilty.” There is now a public record of their negligence, and it may deter repeat offenses. Going to trial can provide accountability for the negligent party and transparency for the victim and the public. It can also set a precedent for similar cases in the future, possibly preventing further wrongdoing.

Though there may be greater potential for higher compensation, it’s not guaranteed. You can walk away with more, less, or nothing at all. Trials are not only unpredictable but also expensive. This can add financial stress on top of the emotional stress of going to trial. Be prepared for the trial to take up to a year or more to get started after the demand is initially filed.

Pros:

• Potential for higher compensation
• Potential for a fair outcome and justice for the injured party
• Public record creates accountability and transparency

Cons:

• More expensive than settling
• Can be stressful for everyone involved
• More risk with unpredictable outcomes
• Lengthy process from pre-trial discovery and depositions to the trial itself and possible appeals
• Lack of privacy with public records

The Bottom Line

Each case is different. Your legal expert at Warren Allen LLP will help you decide when you can benefit from settling or when it is advantageous to go to trial. Contact us today to receive sound legal advice and learn what your options are. Your personal injury attorney will protect your best interests, whether that’s settling out of court or in.