What's more startling is that over the course of an average career in construction workers have a one in 200 chance of succumbing to a fatal injury, such as a fall, which is the biggest cause of fatalities in construction. If you are an injured construction worker awaiting a settlement from workers’ comp or insurance, then you may be tired of the wait – and construction accident litigation funding can help. This type of funding provides a cash advance against your settlement, so you can access money you need now while you heal from your injury.
The so-called "Fatal Four" in the construction sector including falls, electrocutions, and workers being struck by or caught between objects aren't always fatal, but can wreak massive damage on your body and leave you in horrific physical shape. An average of 3.6 workers out of every 100 are involved in construction accidents each year, according to the Bureau of Labor Statistics. Many workers find that spinal cord injuries, brain injuries, and back injuries leave them unable to earn a living as they need multiple surgeries and months or more of physical rehab. Accident funding lessens the fallout caused by your inability to work.
Financial problems often arise while you are unable to hold down a job, and some families find their homes in foreclosure or are forced into bankruptcy due to the loss of income. Accident litigation funding provides an advance of a portion of your proposed settlement prior to reaching a settlement agreement with workers’ comp. This non-recourse advance is not a loan. You do not need to repay the advance until you receive your payout and there are no payments due while you wait. Regardless of your credit, this settlement advance is possible even if you are unemployed. Approval for an advance is based solely on the merits of your case. If the funding underwriters believe that your case is winnable, your approval is highly likely.
If you would like provide specific information about your case, please click here for our inquiry form: Litigation Finance Form
Have questions and need more in-depth answers? See our guide to litigation financing by clicking here:Questions Answered