Damage Thresholds for Colorado Liability Plaintiffs

When it comes to personal injury cases in Colorado, the issue of damages can be a complex and important consideration. Colorado law sets certain limits on the amount of damages that can be awarded in these types of cases. At McCormick & Murphy - Personal Injury Lawyers in Colorado Springs, CO, we understand the significance of these damage caps and how they can impact the outcome of a personal injury claim.

In Colorado, there are two main types of damages that can be recovered in a personal injury case: economic damages and non-economic damages. Economic damages refer to tangible losses, such as medical expenses, lost wages, and other out-of-pocket costs. Non-economic damages, on the other hand, are more subjective and include things like pain and suffering, emotional distress, and loss of enjoyment of life.

The state of Colorado places caps on the amount of non-economic damages that can be awarded in personal injury cases. Currently, the cap is set at $613,760, with certain exceptions that can raise the limit to $1,227,530. These limits are designed to offer a balance between fair compensation for victims and the need to keep liability insurance costs manageable.

As experienced personal injury attorneys, the team at McCormick & Murphy can assist you navigate the complexities of damage limitations in Colorado. We will dedicate diligently to ensure that you receive the maximum compensation you are entitled to, while also adhering to the relevant laws and regulations. Our goal is to assist you achieve a favorable outcome and get the financial support you need to recover from your injuries.