Do you need a cash advance while your workers’ compensation claim is pending?
Workers’ compensation, commonly referred to as “workers comp,” is a type of insurance employers have that compensates employees who are injured in a workplace accident or become ill as a result of the job. Most states have enacted workers’ compensation laws to ensure these benefits are provided regardless of who was at fault for the employee’s injury or illness. In exchange for the guarantee of these benefits, in many cases the employee loses the right to sue the employer in civil court.
In general, qualifications for workers’ compensation are:
- You must be an employee
- Your employer must have workers’ compensation insurance
- You were injured while performing regular duties at your job
- You met state rules for reporting the injury and filing a claim
Most states require an employee to notify their employer within 30-45 days of a work-related injury or illness. Benefits from workers’ compensation typically include payment of medical and hospital bills as well as recovery of lost income while an employee is disabled. Failure to notify may result in a denial of these benefits.
Workers’ compensation claims can be contested by employers and insurance companies looking to deny them, which often cause delays in paying benefits or reaching a settlement. Financial strain in these situations can add to the stress as many struggle to make ends meet and keep up with bills without income. If you have a pending workers’ compensation claim and need immediate financial assistance, legal funding can help.
What Is Legal Funding?
Legal funding – also referred to lawsuit financing, pre-settlement funding, a lawsuit loan or settlement cash advance – is an up-front cash payment against the future proceeds of your lawsuit. This can help alleviate financial strain by providing extra money for you to make rent or mortgage payments, pay bills, and cover daily living expenses while you await settlement. And unlike a loan, a cash advance against your future settlement is non-recourse and there are no interim payments. Non-recourse funding means you have no obligation for repayment if your case is lost or dismissed.
Pioneer Legal Funding Can Help
Pioneer Legal Funding’s mission is to increase access to justice by providing best-in-class capital solutions for plaintiffs awaiting settlement. Backed by a team of knowledgeable underwriters, paralegals and attorneys, we’ve earned a reputation for excellence in the legal funding industry – working with hundreds of law firms and thousands of plaintiffs with all different types of injury claims.
States Where We Have Funded Workers’ Compensation Claims:
- New Mexico
- North Dakota
- South Dakota
- Washington DC
Apply Today With Pioneer Legal Funding
Fill out our quick and easy Funding Application here or give us a call at (877) 610-0950 and one of our team members can assist you with applying for funding. It only takes a couple minutes and there’s no cost to you. Tap into the value of your lawsuit today with Pioneer Legal Funding.