Workplace Injury Claims: How Pre-Settlement Funding Can Help

According to the most currently available data from the federal Bureau of Labor Statistics, workplace injuries and illnesses affected 2.7 million people. The BLS report showed that worked-related injuries and illnesses affected people in all industries, including health care, construction, and retail sales. 

An Overview Of Workers’ Compensation

Workers’ compensation is a government-mandated program that pays the medical expenses and lost wages of workers injured or ill because of work-related accidents or conditions. Practically all states have some form of workers’ compensation system in place to benefit workers.

Common Types Of Workplace Injuries

– Falls from heights and falls caused by slipping or tripping – Overexertion – Electrocution and electrical shock – Prolonged exposure to loud noise – Exposure to hazardous substances and conditions, including extreme temperatures, radiation, asbestos, and chemical

Suppose you suffer an injury or illness related to your work. In that case, the first step you need to take is to report it to your employer or the insurance company that issued the workers’ compensation policy covering your place of employment.

The Process Of Filing A Workers’ Compensation Claim

If a claim is denied, states have a process to appeal the adverse decision that may include filing a lawsuit to challenge it in court. Check the law in your state about appeals of workers’ compensation claims to ensure that you do not miss the deadline to file an appeal.

How Can Legal Funding Help When You Have A Workers’ Compensation Claim?

While you wait for a settlement of your lawsuit, a cash advance from a legal funding company makes it possible to pay for food, housing, and other living expenses. All it takes is for you to complete a simple online application followed by an evaluation of your claim to find out if you qualify for pre-settlement funding. 

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