Settlement Funding for Workers Compensation Cases
Fair Rate Funding helps clients obtain cash advances on their lawsuits.
Most states have laws covering worker injuries. These laws compensate workers even though they were completely or partially at fault. Worker’s compensation laws (also known as Workman’s Compensation) benefit an employee when the injury occurred while on the job. The employee must simply show that he/she was injured and was working at the time of injury.
The trade off is that workers’ compensation benefits are an “exclusive remedy” for the injury. That is, the employee can NOT sue the employer for negligence. The employee gains benefits regardless of fault, and the employer limits its exposure to a fee schedule for permanent damages and medical treatment.
Still, a Workers’ Compensation claim remains a lawsuit to the extent the severity of the injury must be determined by a ALJ or workers compensation judge. This means the matter must still be litigated in the administrative courts. Moreover, awards are given for “permanent” injuries. This cannot be ascertained until a significant period of time has passed between the injury and determination that the worker has reached the maximum amount of medical improvement.
For these reasons, workers’ compensation claims could take years to conclude, especially if injuries are severe. During that time, the worker still has to eat, live, and pay bills. Meanwhile, less money is earned because of loss of earning capacity. As a result, many claimants face financial difficulty and need immediate cash in advance of the settlement.
In these instances, settlement funding can be obtained against the claim. A settlement funding company can advance cash today because a sizable settlement will be received at the conclusion of the claim. Meanwhile, plaintiffs endure severe emotional and financial stress. Extra financial flexibility in the form of cash is always welcome under these circumstances. This is the way Fair Rate Funding can help you!
If you have a lawsuit based on a workers compensation claim and have a lawyer representing you on a contingency fee basis, which means the attorney is only paid if you win the lawsuit, you may eligible for lawsuit settlement funding from Fair Rate Funding. If you need cash NOW while waiting for your Workers Compensation case to finish, we can provide lawsuit settlement funding to help you while your case is litigated.
We know you have a choice of lawsuit settlement funding companies and are happy to assist you. To obtain settlement funding in the quickest and easiest manner, please fill out the quick application on this page. We will contact you immediately and begin the process. You can then relax and allow Fair Rate Funding to work for you. We routinely provide lawsuit settlement funding for Workers Compensation cases within 24 hours of receiving the paperwork from your attorney.
We provide settlement funding services for Workers Compensation lawsuits for the following states: Connecticut, Florida, Georgia, Iowa, Louisiana, Montana, Rhode Island, South Dakota, Tennessee, Washington and Wyoming.
Thank you for choosing Fair Rate Funding.
