Most states have laws covering the injury of persons while at work. These laws were originally enacted so that workers could be compensated for their injuries even though the worker might have contributed to the injury. Rather than having workers sue their employers for negligence, workers' compensation laws (also known as Workman's Compensation) afford benefits for an worker injured at the workplace. Under these laws, an employee must simply show that he/she was injured and was working at the time of injury.
By insulating the employer in this way, employers are still liable for their employees' injuries and the laws usually grant 'benefits' which include medical care. However, the laws also drastically limit awards for permanent injury compared to what settlement values would normally occur in our civil judicial system. For example, a neck/back injury might yield a settlement value in the millions if a jury were to so decide. Under workers' compensation laws a settlement is limited to a fee schedule for particular injuries.
Yet a Workers' Compensation claim is still a lawsuit in that a "fact finder" must ultimately determine the extent of the injury. And awards take time to go through this process. Further, the extent of the injury is a determining factor, since any award under the workers' compensation laws is advanced for permanency and this cannot be determined until a significant period of time has elapsed since the end of treatment or MMI (maximum medical improvement) is reached.
For these and other reasons, workers' compensation claims may take years to conclude, especially if injuries are severe. During that time however, the claimant still has to pay his/her bills, eat, and live. All the while, significantly less money is coming in because he/she can no longer work in the same capacity as before. Consequently, many claimants face financial difficulty and need cash in advance of the settlement just to keep up with the expenses.
In these instances, a settlement advance can be obtained against the claim. The legal funding company can advance cash now in anticipation of a sizable settlement at the conclusion of the lawsuit. These loans are offered by various lawsuit advance funding companies and may be right for you.
At Fair Rate Funding, we specialize in providing the lowest rates for cash advances prior to settlement of workers' compensation claims. Fair Rate Funding provides the lowest rates for lawsuit cash now against the proceeds of your case. You do not have to pay us back if you do not recover a settlement. The risk of the lawsuit loan is on the lender. You get the money you need in advance, so that you can focus on the important things.
We know you have a choice of lawsuit funding companies providing settlement advances and are happy to assist you in your time of need. To obtain a pre-settlement advance in the quickest and easiest manner, please fill out the submission form on this page. One of our agents will contact you immediately and start the process. You can then simply sit back and allow Fair Rate Funding to do its job. We regularly process and provide pre settlement cash advances within 24 hours of receiving the paperwork from your attorney.
We currently consider advancing funds prior to the settlement of workers' compensation claims in the following states: Alabama, Alaska, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Vermont, Virginia, and Wyoming.
Thank you for choosing Fair Rate Funding.