Jobs in the construction industry can be dangerous, which is why one in 10 construction workers are injured on the job each year, according to the Occupational Safety and Health Administration. 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.
Construction Accident Litigation Funding and Your Recovery
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.
Why Consider Construction Accident Litigation Funding?
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.
How Do You Apply for Construction Accident Litigation Funding?
For workers injured on the job while doing construction, recuperating can be difficult and lengthy. With construction accident litigation funding there is no need to strain your finances due to your injury. A simple application with details of your injury puts you on your way to funding. An underwriter reviews your information and makes a determination of your funding eligibility. Once your case is approved, your money is quickly delivered, so you can piece your life back together more quickly than waiting for a settlement payout. This non-recourse funding is not a loan so you only repay the money if you win your case. Find out more by contacting Lawsuit Funder for a review of your case now.