Legal funding for construction accident lawsuits can help you fight for the maximum settlement award. You might wait months, or even years, to receive money from your settlement. Many people accept a lower award than they could win simply because they can’t afford a long fight.
With pre-settlement funding from High Rise Financial, you can borrow from your future settlement to pay for your current expenses. By getting legal funding for your construction accident lawsuit, you can continue the fight to recover the maximum payout you are entitled to.
Get Additional Funds through Workers’ Compensation Benefits
Construction accidents can take a physical, emotional, and financial toll on the people they affect. According to the Occupational Safety and Health Administration (OSHA) work safety statistics, more than 700 fatalities occur yearly among construction workers. These fatalities account for about one in every seven workplace deaths across all occupations.
Social Security benefits and/or workers’ compensation may be available to those injured at a construction site. Alternatively, personal injury litigation can be pursued for additional money if a third party’s negligence caused the accident.
While a settlement payout can deliver a substantial award, it is not easy to obtain, especially if you lack income. Like most cases in the justice system, workplace injury lawsuits can take a long time to settle. Pre-settlement legal funds for construction accident lawsuits are offered to people who:
- Did not receive a sufficient warning about hazardous conditions at a job site
- Were forced to work in an unsafe environment by an employer
- Never received adequate training from the employer, contractor, or property owner
- Had to work with faulty tools and/or structural supports
Legal Funding Is a Source of Financial Support
Lawsuits and workers’ compensation claims are often processed slowly, which causes delays for injured workers waiting for their money. Through legal funding, you can receive money in the meantime to cover expenses such as:
- Rent or mortgage
- Medical bills
- Loss of income
- Property damage
This form of legal funding essentially borrows against the money you will eventually receive from the liable party. This money can be a lifeline for people who have lost wages because of their injuries. This type of funding is intended to help people get by as they await compensation for their cases.
Types of Construction Accidents Eligible for Legal Funding
OSHA reports that, on average, about 15 workers die every day in the United States. On average, weekly workplace fatalities total around 100, with annual workplace deaths usually amounting to around 5,000. Construction consistently ranks as the deadliest industry, and many workers can be left with lifelong injuries.
Construction accident lawsuit legal funding can provide coverage for people who were injured due to events such as:
- Falling objects
- Mold inhalation
- Fires or explosions
- Toxic fumes
- Scaffolding collapses
- Electrocution by exposed wires
Many kinds of accidents can happen on the job and forever influence a victim’s life. While some people may never be able to work again, other hard-working construction professionals want to get their lives back on track. Legal funding can help get them there.
Apply for a construction accident lawsuit loan through High Rise Financial today. You can have the funding in your hands in as little as 24 hours after the application is approved. Do not delay. Start your application online today.
Do I Qualify for Construction Accident Lawsuit Funding?
The process for approving construction accident lawsuit funding differs from the standard loan application process. While most lenders are concerned with your credit history and current financial situation, legal financing is concerned far more with the strength of your case.
This is because legal funding lenders do not recover the funds they pay out from the legal funding recipient. Instead, they get their money back directly from the liable party in the lawsuit once the case settles.
Because of this, a legal funding lender will want to know that your case is strong and that you will likely recover compensation. Therefore, the best thing you can do to improve your chances of getting legal funding is to hire a construction accident lawyer to represent you in your lawsuit.
How Much Is My Construction Accident Worth?
Every construction accident case is different, so placing a specific dollar sign on what a typical accident is worth is impossible. However, compensation for these cases typically ranges from tens of thousands of dollars to well into the millions.
Various factors play into the value of your accident, including the extent of your injuries, the level of responsibility for each party, and how much insurance a liable party carries. These circumstances can all influence how much your payout could be.
When you have questions about the value of your construction accident loan, talk to the professionals at High Rise Financial. Provide them with a clear assessment of the accident, your injuries, and the level of fault of the negligent party. They will be able to offer a little insight into how much you might be able to obtain with the construction accident lawsuit loan.
How Do I Apply for a Construction Accident Lawsuit Loan?
If you’re applying for a construction accident lawsuit loan, you’ll want to know what to expect from the process. Luckily, it’s easy to qualify for pre-settlement funding when you work with a reputable lender. Typically, the application process is as follows:
- Contact a legal funding company
- Submit any contact information they require for you and your lawyer with the requested documentation from your case
- The lender will review your case and contact you with an offer
The process to obtain construction accident pre-settlement funding is simple and can move fast, with most qualifying applications getting approved within 24 hours of submission.
Applying for Funding for a Construction Accident Lawsuit Is Risk-Free
When you apply for legal funding for a construction accident lawsuit, you don’t have to worry about ending up in an even worse financial position than before applying. The money you receive is different from money borrowed in a standard loan.
With a typical loan, you have deadlines to repay the borrowed money. Failure to make your payments on time will result in additional fees, and financial troubles could quickly spiral out of control. However, you don’t have to worry about any deadlines with construction accident lawsuit funding.
Instead, you do not have to repay a penny until you receive compensation from the liable party. You won’t owe your lender anything if you do not recover any money. They assume all the risks with this type of funding. Because of this, they will likely only approve your funding if your case is strong and you have an experienced attorney.
How Long Can It Take for My Construction Injury Case to Settle?
Construction injury cases often take multiple years to file and several more years to settle. Unfortunately, few people have the financial means to wait until they receive their settlement to pay for bills left after their accident.
However, with legal funding for a construction accident case, you won’t have to wait. You could get the expected value of your reward right now without having to wait years to receive it in the future or be forced to settle for a lower amount offered by the employer’s insurer.
Repaying Your Construction Accident Lawsuit Loan
You will not be required to repay the construction accident lawsuit loan immediately. This means that you can use the funding as soon as it arrives and until your case is resolved. Once the case is resolved, you will be contacted about repaying the construction accident loan.
Repayment is made using the funds awarded to you in the resolution of your claim. If the compensation award is higher than what you owe on the loan, you get to keep the remainder of the award once you pay lawyer’s fees and other expenses.
Get Cash in as Little as 24 Hours After Approval
If you’ve been injured on the job, don’t accept the first low settlement offer from your employer’s insurance company. Money can be deposited in your bank account within 24 hours after approval. In addition, the legal funding for your construction accident lawsuit is not considered a cash advance and can be spent without restrictions.
No employment verifications or credit checks are needed to qualify for pre-settlement funding for construction accidents. Approval decisions are based on each specific case, including the facts and circumstances of the lawsuit. Call High Rise Financial or complete our online form today to start the application process and determine if your case qualifies.