Most of workers involved in Workers Compensation claim or lawsuit do not realize they can get workers compensation funding or worker comp loans before their case settles. If you are a worker plaintiff, involved in a Workmans comp case or lawsuit and represented by an attorney, you may be eligible for an easy cash advance on your pending Workmans compensation settlement.
This is also known as non- recourse Workers Compensation lawsuit loan, Workers Comp funding, Workmans Compensation loan or Workmans Comp funding.
When a person works for a living, a personal injury or disability can have a serious impact on his or her life, family, health, and finances. The road to recovery is sometimes long and expensive, and a worker might well lose his/her home, health and family waiting for relief.
You may have a strong Worker Compensation case or lawsuit and a great attorney representing your case, but the insurance companies can afford to wait. But you can not, you need money now. Without a workers comp funding, you may have no choice except to settle your Workers Compensation claim or lawsuit for whatever you can get.
But with a workers comp funding or loan, you also get the advantage of some deep financial pockets yourself. A solid worker compensation funding company is always backed by vast institutional funds. So you will not have to accept too little too early from the insurance company that provides your Worker Compensation (Workers Comp, Workmans Comp or Workmans Compensation) coverage.
Workmans compensation funding companies will not fund a Workmans comp claim or lawsuit if the state statute concerning direction of payments requires the claim to be paid directly to the claimant and not first to the trust account of attorney? These states are: AR, AK, CA, DC, HI, KS, KY, MA, MD, MN, NC, NJ, NV, NY, OR, PA, TX, UT,VA, WA, WI. But they provide workers compensation claim funding in all other states, i.e. Al, CT, DE, FL, GA, ID, IL, IN, IA, LA, ME, MI ( case by case), MS, MO, MT, NE, NH, NM, OK, RI, SC, SD, TN, VT, WV.
Third Party Liability Lawsuit:
When an employee is injured in the course and scope of employment as a result of a negligent third party, the worker has the right to pursue a lawsuit against the third party in addition to pursuing a workers compensation claim. For example if a wire cable installer negligently hid a wire that caused your trip and fall at your work place; you may sue the cable company. Other examples would include a work place injury caused by a faulty machine supplied by a vendor.
Third Party Lawsuit Loan Funding:
When you are involved in Third Party Liability lawsuit you can get a lawsuit funding or a lawsuit loan on your pending lawsuit in every state except in Ohio. This is also a non-recourse loan, which you pay back only and if you win or settle the case.
Workers Compensation Claim and Lawsuit Funding Program – Features and Benefits:
1. No application fee, no up-front fees: A good workers comp funding company should not charge any application fee or any upfront fees at all.
2. No credit requirements or employment history – To apply for workers comp claim funding, the credit score of plaintiffs is never an issue.
3. No monthly payments – A good workers compensation funding company would not charge any monthly payments.
4. No settlement? No repayment – Once you get a workers comp loan, you pay back to workers compensation funding company only and if you win or settle the workers compensation claim or lawsuit. If you lose your case, you do not owe the worker compensation funding company anything. The workers comp loan advanced to you is yours to keep.
The workers compensation claim funding or worker comp case loan is the totally safe, secure, no-risk solution. This protects your family, assets and any needless jeopardy to your credit history.