No-Risk Lawsuit Cash Advance for Workers Comp Lawsuit
A Workers Compensation lawsuit loan (also called Workers Comp, Workmans Compensation, Workmans Comp and Workmen Comp) is actually a lawsuit cash advance against your pending workers compensation case or lawsuit. These are non recourse lawsuit cash advances which you pay back only when you win or settle your workers comp. case or lawsuit. If you lose your case you need not to pay back to lawsuit funding company.
What is Workers compensation or Workmans comp? summons and complaint
In our country, Workers compensation or Workmans comp is a state-mandated insurance program that provides compensation to employees who suffer job-related injuries and illnesses. Federal government administers a workers comp program for federal and certain other types of employees.
Each state has its own workers compensation laws to handle claims from employees who are injured on the job. While most injured workers recover quickly, those more seriously injured may have difficulty with their employer or with the compensation system. Those workers may need help of an expert workers comp. attorney to file a workers compensation lawsuit.
The bitter truth about Workers Compensation ( Workmans Comp, Workers Comp, Workmen Comp and Workmans Compensation) claim is that, even if you win your claim or lawsuit, you may lose because the money comes too late. But lawsuit funding or a lawsuit loan gives you the breathing time to wait for a fair Workers Compensation lawsuit settlement. It is not just the money you get when you receive lawsuit cash advance or lawsuit loan. But a lawsuit cash advance in time helps to take away emotional stress of you and your family.
Most lawsuit funding companies will not fund a Workmans comp. claim or lawsuit if the state statute concerning direction of payments requires the claim to be paid directly to the claimant and not first to the trust account of attorney. These states are: AR, AK, CA, DC, HI, KS, KY, MA, MD, MN, NC, NJ, NV, NY, OR, PA, TX, UT,VA, WA, WI. But Third Party Liability lawsuits are funded by lawsuit funding companies in every state except in Ohio.
Third Party Liability Lawsuit:
When an employee is injured in the course and scope of employment as a result of a negligent third party, the employee has the right to pursue a claim or lawsuit against the third party in addition to pursuing a workers compensation claim. For example, a postal worker bitten by vicious dog of a customer, a work place injury caused by a faulty machine supplied by a vendor.
Whether you are involved in a Workers comp. or a Third Party Liability lawsuit you can get a lawsuit cash advance or lawsuit loan on your pending lawsuit or claim. This is called as lawsuit funding and also referred as non recourse lawsuit loan, lawsuit cash advance and personal injury lawsuit funding.