Work Related Lawsuit Loans Help Plaintiffs Pay Their Bills
Work related lawsuit loans help plaintiffs by offering immediate cash prior to settlement. Because injured workers are unable to earn as before their accidents, work related lawsuit loans provide much needed financial support to bridge the gap between the accident and recovery.
Types of Work Related Accidents
Thousands of work related accidents occur every day causing severe and permanent injury to victims. Often, workers are injured through no fault of their own. Common work related accidents include:
- slip and falls
- motor vehicle accidents
- struck by moving objects
- struck against stationary objects
- repetitive motion injuries such as carpel tunnel syndrome
- entanglement in equipment
- falls from heights
- workplace violence
- and more . . .
Accidents such as those listed can result in debilitating conditions in connection with common work related injuries such as:
- Lacerations and bruising
- Broken bones
- Ligament sprains and tears
- Tendon and muscle strains and tears
- Herniated discs
- Whiplash injuries
- Repetitive stress injuries
- Neck and back injuries
- Spinal cord injuries and paralysis
- Shoulder injuries
- Knee injuries
- Head injuries
- Brain injuries
- Crush injuries
- Internal organ injuries and internal bleeding
- Toxic exposure
Work Related Lawsuit Types
Fortunately, there are remedies available. State and federal laws protect injured workers and compensate them if their circumstances afford them protection.
Workers’ Compensation Cases
For example, almost all states have workers’ compensation plans in place for injured workers. These state laws govern most work related accidents and offer injured workers the ability to be compensated regardless of whether they contributed to the accident themselves. The trade off for NOT having to prove negligence is to have the monetary awards limited by statute. Accordingly, most states have a fee schedule for each injured body part. The payoff depends on the percentage disability being alleged. It is this percentage disability that workers compensation attorneys litigate in “workers’ comp” courtrooms throughout the country.
Workers’ compensation statutes are an exclusive remedy in some jurisdictions. This means the worker’s sole remedy against their employer falls within benefits afforded by statute. Contrast this with your traditional negligence lawsuit where a jury may decide the amount of damages an injured worker is entitled to.
Third Party Lawsuits
Third party lawsuits are cases based in negligence where the injured party is working but the at-fault party is not the injured or their employer. An example would be an automobile accident where a truck driver is struck by another vehicle. The truck driver would likely be entitled to workers’ compensation benefits as outlined above. In addition, the truck driver can pursue an third party lawsuit against the other driver.
Other Work Related Lawsuits
There are other work related lawsuit types not covered by workers compensation benefits or traditional negligence laws. These might include:
- Jones Act cases – The Jones Act provides coverage to seaman working aboard vessels which includes most employees aboard ships, tugboats, fishing boats, barges, and dredges. The Act allows injured employees to file suit against their employer, and collect money damages, for employers’ negligence.
- Longshore and Harbor Workers’ Compensation Act – The LHWCA is a federal statute which provides compensation, medical treatment and other benefits to injured employees disabled on the job in the navigable waters of the United States and also in the adjoining areas usually used for loading, unloading, repairing or building of ships or vessels.
- Federal Employers’ Liability Act (FELA) – The Act is designed to compensate railroad workers on federal railroads that cross state lines who are injured on the job. It also compensates workers who are diagnosed with occupational diseases such as lung cancer or mesothelioma from asbestos exposure. The worker can sue for damages against all negligent parties, which can include the employer.
- § 240 and § 241 of the New York Labor Law Statutes – Scaffolding accident victims are covered by the New York statutes to compensate construction workers injured on the job. The laws placed additional responsibilities and liability on the property owner and general contractors in order to provide a safe workplace for construction projects.
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Work Related Lawsuit Delays Cause Problems
Lawsuits afford a remedy but the wheels of justice turn slowly. Injured plaintiffs can wait many months or even years before they are compensated. While they wait, some encounter financial trouble especially if they can no longer work as they did prior to their injuries.
Fighting for compensation for work related accidents can be difficult. Many defendants use court backlog to pressure plaintiffs into accepting “low-ball” settlement offers simply because they can’t wait out the process. Work related lawsuit loans from Fair Rate Funding can help.
With work related lawsuit loans, plaintiffs get an influx of cash exactly when they need it. There is no restriction on the money’s use. Plaintiffs can use the money as they wish. Most use work related lawsuit loans to pay bills, buy groceries, pay rent or mortgages, or even invest in a new business venture. Work related lawsuit loans are an extremely flexible liquidity option for litigants in their time of need.
Work Related Lawsuit Loans
Work related lawsuit loans are financial deals where a funding company pays a litigant part of the settlement in advance. Also known as lawsuit funding, work related lawsuit loans help injured victims wait out the process.
Work related lawsuit loans are a sale of the settlement amount and because of this, work related lawsuit loans are not actually “loans” in the traditional sense. Typical loans require repayment under all circumstances. Lawsuit loans however, are contingent upon a successful outcome. In other words, if the plaintiff does not win, the “loan” is not repaid. In this sense, a lawsuit loan is not really a loan at all.
How to Qualify for Work Related Lawsuit Loans
If you have a work related injury, you are eligible to apply for work related lawsuit loans from Fair Rate Funding. Basic funding requirements include:
- You have a pending work related accident claim.
- Your age is 18 and above.
- Your injuries are covered by insurance.
- You have an attorney
- Your lawyer is working on a contingency fee basis
Getting Started Today
Fair Rate Funding’s work related lawsuit loans offer the best contract terms in the business. We can have cash in your hands in as little as 24 hours. Obtaining lawsuit loans for work related accidents is easy and straightforward. Simply contact us and start the lawsuit funding process. With your permission, we contact your lawyer and discuss your case. For more information about how we evaluate cases, visit the post about underwriting lawsuit loans.
Once approved, we send you over a contract for your review and execution. Once we receive the executed agreement, we will send you your cash via wire or overnight carrier. Learn more about how lawsuit funding works.