Working in construction has several risks, but some are avoidable. When an employer or third party is negligent, it can lead to injuries. Injury victims take the appropriate steps by seeking legal assistance from a construction accident lawyer.
However, the construction company has many resources to fight injury claims. One way they try to get the upper hand over injury victims is to delay a claim until the victim runs out of money and gives up. An excellent option to combat these actions is to get construction accident legal funding through High Rise Financial.
- Types of Construction Accidents
- Common Construction Site Injuries
- Qualifications for Construction Accident Legal Funding
- Damages from Your Injury and Your Legal Funding
- Paying Your Expenses
- Non-Recourse Legal Funding
- Applying for Construction Accident Legal Funding
- Call High Rise Financial for Legal Funding
Types of Construction Accidents
Workers’ compensation should help injury victims, but the legal process is lengthy. You can wait months or years before you get any resolution. Construction sites are prime locations for injuries, and nearly 700 construction workers are estimated to die annually.
Injuries are prevalent after a construction site accident, and legal funding provides money for the following types of construction accidents:
- Asbestos Exposure
- Falling object
- Toxic fumes
- Airborne mold
- Toxic fume
- Faulty stairs
- Collapsed scaffolding
- Faulty machinery
There are many types of construction accidents, and you need to discuss your legal options with a construction accident lawyer near you. Once you know what to expect, contact High Rise Financial to discuss your legal funding options. You can still have options even if your accident is not on this list.
Common Construction Site Injuries
Many injuries can result from construction accidents. The worse your injury is, the more money you will need. Therefore, your settlement should be higher.
Injuries that often lead to increased payments include:
- Spinal injuries
- Traumatic brain injuries
- Chemical burns
- Eye injuries
- Hearing loss
- Broken or crushed bones
- Repetitive stress injuries
2.6 million workplace injuries were reported in 2021, and nearly a third were in the construction industry. Your employment should not result in devastating injuries. If it does, negligent parties must be held accountable for their actions.
Qualifications for Construction Accident Legal Funding
Plaintiffs with open lawsuits can seek pre-settlement funding, also referred to as lawsuit loans. The key is that you are expected to resolve with compensation at the end of your claim. If you will likely get compensation, you meet the primary qualification of legal funding.
The outcome of your case is vital. Legal funding serves as a cash advance on your settlement, and therefore that is where the funds will come from.
Damages from Your Injury and Your Legal Funding
The amount you will receive for your pre-settlement funding will vary depending on the facts of your case. When calculating your construction accident legal funding, we will review the total compensation estimated for your case. The duration and strength of your claim will also factor into your legal funding amount.
You will not receive the entire estimated settlement through legal funding but a percentage of it. Percentages will vary, and you should discuss your options with our underwriting team.
Paying Your Expenses
Getting the settlement you deserve is an uphill battle, and the construction company rarely wants to pay for your losses. They will deny responsibility, shift liability and delay as long as possible. The longer the litigation process, the longer you wait to get the money you need to pay for necessary expenses.
Workers’ compensation payments can help, but they are often insufficient to cover all your losses. Luckily, construction accident legal funding can help bridge the gap while you wait for a resolution. You can spend your pre-settlement funding on anything you need including:
- Rent and mortgage
- Car payments
- Child support
- Medical bills
- Utility bills
- Tuition and student loans
- And more
There are no restrictions on what you can use your legal funding on, as this is a cash advance on your settlement. When you obtain your payment, you will not have restrictions on what you can use your funds for. The same goes for legal funding.
Non-Recourse Legal Funding
Legal funding is a non-recourse account, leaving your personal finance untouched. Your bank account is only used to deposit funds, but High Rise Financial and other legal funding companies cannot take money out.
Collateral is your potential settlement. You do not pay back the pre-settlement funding if you lose your lawsuit. There is no risk to the plaintiff as the legal funding company takes on the risk by providing funds without knowing if or when they will recover them.
Using simple interest rates also helps borrowers know how much they will repay.
Applying for Construction Accident Legal Funding
Applying for construction accident legal funding is a straightforward process. High Rise Financial can take your information over the phone, or you can fill it out online. You will provide basic information about yourself, your lawyer, and your case.
Once you give the necessary details, we will speak to your construction accident attorney for further information on case merit and potential outcomes. When our funding team gets all the information required, we will process your application and send you a pre-settlement offer.
You will need to inform your lawyer that you are requesting a pre-settlement loan. It is essential that your lawyer can talk to us about your case. You will provide your name, attorney information, and case details.
No credit or employment checks are necessary. Your current or past financial status is also irrelevant to your claim. Funding is contingent on your injury claim and nothing more.
You must also be over 18, as minors cannot receive legal funding.
Call High Rise Financial for Legal Funding
Legal funding is gaining popularity because plaintiffs understand that they may be without revenue for months and years while their lawyer fights for them. Construction accident legal funding can help ease the financial burdens of medical treatments, lost income, and rising bills during the legal process. Legal funding is risk-free, has low rates, and is easy to apply for.
You will have an underwriter handling your application and getting you the best offer possible. Get started with your application online or by calling High Rise Financial. If you have any questions throughout the process, we are here to help.