Workers Compensation Pre-Settlement Loans
During the time you're waiting for your workers compensation case to settle, you still need money to pay your bills until you win your case. Pre-settlement funding for workers’ compensation claimants allows injured workers to borrow against the settlement money they’re entitled to receive from a workplace accident case. Pre-settlement loans work by helping employees involved in injury claim get a cash advance on a portion of the proceed of a future settlement or award. A legal loan on your claim can assist you in getting back on your feet before your accident attorney recovers a payout from the workers comp insurance company.
Pre-Settlement Funding for Workers Compensation Cases
Workers compensation insurance also called workers' comp insurance is a legally mandatory type of insurance coverage many businesses are required to carry. It covers medical bills, rehabilitation costs, surgery costs, and lost wage replacement for employees who become injured or ill while on the job.
Although injured workers who miss time from their job are entitled to receive wage loss benefits from their employer’s workers compensation insurance company, lost wages replacement only pays claimants a small fraction of the salary they were making prior to the on-the-job injury.
Many injury victims involved in workplace accident cases have a difficult time paying their expenses. Although you may be entitled to receiving a large workers compensation settlement from your injury claim, you could be waiting years until your attorney settles the claim with the insurance company. But while you’re waiting for your case to resolve, your bills may be piling up.
When faced with mounting bills and insufficient income, you can turn to Cochran for a workers comp loan advance. A settlement loan is a process to obtain a cash advance against your workers comp case, helping you get the funds you need to meet your day to day financial obligations before you win a payout from your claim settlement.
Applying to get a pre-settlement loan for your workers compensation case is easy through our quick funding process. All you need to do is fill out the application form online or call us toll-free at (888) 875-6049.
Benefits of Lawsuit Settlement Loans
Pre-settlement funding loans for clients involved in workers compensation cases is designed to provide immediate financial relief for cash-strapped injured workers by allowing claimants to access the cash they need to pay their bills during the process of a workers comp claim.
Pre-settlement loans are not traditional loans but are actually cash advances to litigants that have pending accident cases. A settlement loan helps you get an advance on your workman's comp claim by allowing you to borrow money against the proceeds from a pending workers comp settlement.
Similar to a lawsuit loan, settlement funding from Cochran is provided on a risk-free, non-recourse basis. Here are some of the numerous benefits of a taking out a lawsuit settlement loan through Cochran Cash:
- No credit check
- No up-front cost
- Zero out of pocket fees
- No repayment if you lose your case or don't settle
- Get a workman comp claim cash advance up to $100,000
- Fast approval time
- Cash in 24 hours or fast
- Lower rates than other pre-settlement funding companies
FREE ONLINE APPLICATION