The value of a workplace injury lawsuit depends on numerous factors, including the extent of the losses sustained by the injured party. There isn’t a single value for these lawsuits. Instead, attorneys need to carefully review each client’s situation to determine how much compensation they qualify to receive.
Additionally, injured workers can expect to wait a significant amount of time to get the money they need to financially recover after filing a lawsuit. The legal process could easily take years to complete.
Injured workers who need help with the financial pressures they face after an accident and before the resolution of their legal claim can apply for non-recourse workplace injury pre-settlement funding.
How Much Is Your Workplace Injury Lawsuit Worth?
A lawyer will need to carefully review your situation to determine how much your workplace injury lawsuit is worth. Every injury victim faces different losses, so there’s no one answer about the value of a workplace injury claim.
An attorney will need to consider all the losses you sustained in order to accurately determine the value of your claim. Depending on your circumstances, a lawyer could focus on bringing you the money you need to pay for your:
- Healthcare expenses
- Lost wages
- Reduced earning potential
- Pain and mental suffering
- Emotional distress
In many cases, the severity of your injuries will play a significant role in determining the value of your claim. You can get more information about the funds potentially available in your situation from a workplace injury attorney.
Additionally, while waiting for your lawyer to handle your claim, you can apply for personal injury pre-settlement funding to get help handling your expenses.
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Can You File a Workplace Injury Lawsuit?
You may only file a workplace injury lawsuit if a third party caused your accident at work. Generally, you cannot file a lawsuit against your employer. Instead, the legal system expects you to go through the workers’ compensation system after most workplace injuries.
An attorney can give you more information about your options for securing the compensation you deserve from the at-fault party.
You Can Seek a Non-Recourse Cash Advance While Going Through the Legal Process
You can expect a workplace injury lawsuit to take a significant amount of time to resolve. In many cases, lawyers take a year or more to completely wrap up these claims. While the legal process progresses, you may find yourself facing considerable expenses that act as a burden on your finances.
Fortunately, in this situation, you can apply for workplace injury pre-settlement funding. This kind of funding can give you the money you need to cover your medical bills, day-to-day expenses, and legal fees.
Note that we can only consider funding if there’s a third-party defendant. You can speak to your lawyer if you’re not sure about the defendants in your case.
How to Apply for Workplace Injury Pre-Settlement Funding
You can usually apply for non-recourse pre-settlement funding online or over the phone. The application process typically only takes a few moments. You’ll need to provide information about your workplace accident and your lawyer’s contact details.
After you apply, the company that offers funding will go over the details surrounding your accidental injury and talk to your lawyer about your claim. Funding companies make their decisions based on the strength of your legal claim, not your work history, current savings, or credit history.
You’ll receive the money you need quickly if the company approves your request for funding, allowing you to handle the financial pressures you experience.
When Do You Pay Back Pre-Settlement Funding?
You only pay back non-recourse funding after the final resolution of your workplace injury claim. Additionally, you only have to return the funds you received if your attorney handles your claim successfully.
If you do not get compensation for your losses, you do not have to return any of the pre-settlement funding that you received. This setup means that you do not have to add more worries to concerns about your finances after an accident at work.
How Much Non-Recourse Funding Can You Get?
The amount of non-recourse funding available to you after an accident at work will depend on the overall value of your claim. That’s why funding companies need to speak to your lawyer during the application process.
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Talk to Us About Getting Funding After a Jobsite Accident
So, how much is a workplace injury lawsuit worth? The value of these lawsuits varies on a case-by-case basis, so it’s crucial that you work with a lawyer to discuss how much compensation you could get to cover your losses.
While your attorney handles your legal needs, you can reach out to our team at Pegasus Legal Capital to apply for non-recourse funding after an on-the-job injury. We provide pre-settlement funding for workplace injury claims and can give you the money you need to address the expenses you face after an accident.
We’ve provided over $500 million in funding to over 15,000 clients, and we’re ready to start discussing your situation right now, so don’t hesitate to reach out.
Your pre-settlement funding consultation is free — contact us today!