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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 expenses you face now. By getting legal funding for your construction accident lawsuit, you can continue the fight to recover the maximum payout to which you are entitled.
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 among construction workers each year. 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 on the job 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’s not easy to obtain, especially if you’re suffering from a lack of 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 sufficient warning about hazardous conditions at a job site
- Were forced to work in an unsafe environment by an employer
- Never received adequate training by 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
- Groceries
- Utilities
- 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 from their cases.
Types of Construction Accidents Eligible for Legal Funding
OSHA reports that, on average, about 15 workers die every day on the job 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 of its workers can be left with lifelong injuries.m
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 influence a victim’s life forever. 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.
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.
The reason for this is that 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 it’s impossible to place a specific dollar sign on what a typical accident is worth. However, compensation for these types of cases typically ranges from tens of thousands of dollars to well into the millions.
A wide variety of 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.
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 you were in before applying. The money you receive is different from money borrowed in a standard loan.
With a typical loan, you have deadlines to meet for repaying the money you borrowed. Failure to make your payments on time will result in additional fees, and your 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 don’t have to repay a penny until you receive compensation from the liable party. In the event that you don’t recover any money, you won’t owe your lender anything. 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 on your side.
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 in the wake of 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.
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 as few as 24 hours after you get approved. 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 fill out our online form today to start the application process and find out if your case qualifies.