Loans on Workers Comp Settlements

Loans on Workers Compensation Settlements

Get workers comp pre-settlement funding before settlement on workers' comp claims

Financial assistance for injured workers from $1,000 to $100,000

Workers compensation insurance provides cash benefits and medical care for workers who are injured in the workplace or become ill as a direct result of their job. Workers comp was developed to help compensate employees in the event of an accident, injury, or illness caused by a work-related situation. There are times when workers compensation is not enough to pay the bills and make ends meet. Fortunately, there are simple and flexible financial options for claimant with work-related injury claims.

Cash-strapped accident victims with pending workers comp claims turn to pre-settlement funding companies when they need instant cash relief. If you got injured on-the-job and hired a lawyer to pursue a workers’ compensation case, Accident Claim Loan can provide you with a workers comp settlement loan advance in 24 hours. If waiting years to receive the settlement money is not an option, you can speak with a legal funding specialist about taking out an accident loan to tide you over.

Injured workers can borrow against workers comp settlement nationwide. Currently, workers compensation funding is ONLY available in: Alaska, Arizona, Connecticut, FloridaIndiana, Iowa, LouisianaMissouri, MontanaNorth Dakota, Oklahoma, Rhode Island, South Dakota, Washington, and Wyoming.

Legal financing has saved claimants pursuing injury cases and death claims from financial disaster and low-ball workers comp settlements. The majority of clients seeking financial assistance for injured workers use the advance settlement funding to pay for living expenses, rent, auto loan payment, child support obligations, mortgage payment, and utility bills. Depending on the facts and circumstances of the workplace accident, claimants can get a settlement advance from as low as $1,000 to as high as $100,00.


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Employer-reported workplace injury statistics 2016 are alarming. There were approximately 2.9 million non-fatal on-the-job injuries and illnesses in 2016 included 892,300 severe cases requiring days away from work. In the same year, there were a total of 5,190 fatal work injuries, which represent 7% increase from 2015.

The funding underwriters help clients who have suffered all types of work-related injuries. The majority of clients who get settlement loans are injured workers suffering from soft-tissue injuries, limb loss injury, back injury, shoulder injury, fractured bone, wrist injury, herniated disc injury, knee injury, amputation, foot injury, eye injury, torn meniscus, neck injury, burns, rotator cuff tear, broken bones, and spinal cord injuries.

Pre-settlement funding workers compensation is not a traditional bank loan. Clients who take out an advance on workers compensation settlements, receive a cash advance for workers comp claims while waiting to receive the settlement money from a settled work accident claims. There's no credit check, no income requirements, and no monthly payments. Best of all, if you lose your workers compensation case, you can keep the settlement advance and pay nothing.

When a workers' comp claim is dragging out and you find yourself in dire need of financial help, you can call the legal funding department and speak with a funding specialist who can answer any question or take your loan advance request over the phone, 1-888-715-8701. You can also apply by taking 2 minutes to fill out the short-form application online.

The workers comp advance loans process?

Accident Claim Loan is committed to helping you get cash when you need it the most -- while you are waiting for your workers comp attorney to negotiate the best settlement offer on the insurance claim. Here are the five steps to obtaining a fast advance settlement loan:

  1. Apply online or call 1-888-715-8701 to speak with a funding specialist
  2. The underwriter works directly with you and your workers compensation lawyer
  3. The underwriter will determine how much you can borrow from your workers comp case based on the information received from your attorney
  4. You will receive instant notification of the loan amount and terms of the advance
  5. You have the money! The pre-settlement cash advance is sent directly to same day


Financial Help for Injured Workers

Remember, pre-settlement funding for workers' compensation claims are 100% risk-free to accident victims who have suffered on-the-job injuries. There's no credit check, zero upfront fees, $0 monthly payments, and if you lose your workers' comp case, keep the legal cash advance and owe nothing.

Pre-Settlement Funding Workers Compensation Questions and Answers

What is workers compensation?

Workers compensation is a system that states use to compensate employees when they are injured at work. Each state has its own workers' compensation laws and regulations to handle claims from employees who are injured on-the-job. Fault and negligence by the employer are not considered in order for an employee to receive workers comp benefits.

Workers' compensation is a no-fault system; therefore, an injured worker's own negligence or the negligence of his or her employer or co-workers is not an issue. Whether an employer or an employee was the cause of the employee's injury, the workers' comp system compensates the employee for medical costs, lost wages, and other losses.


What is workers compensation insurance?

Workers' compensation insurance is also known as workman's compensation, workers' comp, workman's comp, and WC comp. State law requires that employers obtain workers' compensation insurance with an insurance carrier authorized by the state agency. Another option is for an employer to be authorized to be self-insured, either individually or as part of a group. Workers' comp is a state-mandated insurance program. The requirements, what’s covered, who is eligible for benefits, and how much benefits claimants receive vary from state to state.


What does workers comp cover?

Workers' compensation insurance is coverage for an employee's medical expenses, lost wages, and rehabilitation services that result from a work-related injury or illness.

Workers' compensation is designed to cover injuries that result from employees' or employers' carelessness. It also provides financial protection from job-related accidents and illnesses. If you’re injured while on-the-job, workers' compensation may cover your medical bills such as your hospital visit and medication, recovery costs if you need physical therapy, and surgery. Workers comp can also pay disability benefits, giving you a portion of wages, you couldn’t earn while you are recovering. Here is a list of what workers comp cover:

  • Medical expenses from injury and illness
  • Lost wages
  • Rehabilitation Expenses
  • Cost of retraining
  • Death benefits to survivors of workers who are killed on the job
  • Compensation from permanent injuries


What is a workers comp loan?

A workers' comp loan (also called workers comp advance loans, workers comp funding, workers compensation claims cash advance, and pre-settlement funding workers compensation) is a cash advance against a future workers compensation settlement or award for claimants before the case is finalized.

If you’re waiting to receive the settlement money from a workers' compensation claim and need cash now to cover your bills or pay for living expenses, workers comp loans help you access a portion of your pending workers comp settlement before your attorney settles the case or wins an award.


Who can borrow against workers comp settlement?

Learn if you are eligible to borrow money against workers comp settlement today. Are you an employee who got hurt or become ill as a result of your job, have a pending workers comp case, and hired a lawyer to recover compensation from the insurance company, you can get a loan against your workers comp settlement in 24 hours.


Which jobs are eligible for workers comp funding?

Accident Claim Loan provides workers comp funding for employees pursuing workers comp settlements across all industries and professions. Pre-settlement funding for workers comp cases can help construction workers, waiters and waitresses, warehouse workers, supermarket employees, security workers, truck drivers, factory workers, retail employees, restaurant workers, manufacturing employees, and agriculture employees.


Can I get a loan on my workers comp soft tissue injury claim?

Accident Claim Loan provides soft-tissue injury workers comp loans for many accidental injury claims. The legal funding underwriters can consider all types of injury cases. You can get a loan on your workers comp claim even if you did not undergo surgery or suffer a broken bone. Soft tissue pre-settlement loans are available for neck injuries, back injuries, whiplash injury, and more.


Do I need an attorney to get a loan on my workers comp case?

In order to get a loan on your workers comp case through Accident Claim Loan, you must have an attorney representing you. Furthermore, your worker comp lawyer must be cooperative in the legal funding process. If you have a pending workers comp claim and have hired a lawyer, then you qualify to receive a cash advance today.


Workplace injuries eligible for a cash advance for workers comp claims?

The types of injuries compensable under workers' comp are those that can be connected in some way to an employment requirement or condition. A work-related injury is one that happened while you were doing something on behalf of your employer or otherwise in the course of employment.

Workmans' comp claimants can get a cash advance for workers comp claim for the most common types of workers comp injury claims that include, head injuries, broken bones, back injury, neck injury, knee injury, shoulder injury, eye injuries, hearing loss, breathing problems, and wrist injuries.

The majority of workers compensation cases the underwriters review for pre-settlement cash advances were caused by slip and falls, stuck by an object, trip and fall accident, auto accidents, accident involving tolls and machinery, truck accidents, and repetition injuries.


Do you offer same day loans before settlement on workers comp lawsuits?

Loans before settlement on workers comp lawsuits are financial tools for employees who need fast pre-settlement cash advances before their claim is settle. If you have pressing financial needs and your attorney is available to speak with the underwriter, you can get a same day workers settlement loan against your case to meet day to day financial obligations.


What is the interest rates on cash advances on workers compensation settlements?

It's not uncommon for workers compensation cases to take years to settle or come to a final resolution. The interest rates on cash advances on workers compensation settlements run between 2.75% and 3.25%. Since no two cases are the exactly the same, your workers compensation settlement advance interest rate is based on the facts and circumstances of your specific case. The underwriter will determine the precise rate after obtaining some additional information about your injury claim.


Pros and cons of settlement loans for workers comp?

Faced with mounting bills and insufficient income, many injured workers nationwide consider taking out a workers’ comp settlement loan as a quick source of cash. Settlement loans for workers comp have become a fast-growing financial option for claimants pending on-the-job injury claims. Although borrowing against a workers’ comp settlement is a fast, safe, and simple way to access a portion of your settlement money before the case is settled, clients should consider other viable options. Here are some of the pros and cons for those considering taking out a settlement loan for workers comp:

Advantages of settlement loans for workers' compensation

Settlement funding for your workers' compensation claim is a good way to get instant cash relief while waiting for the lawsuit money from a workers’ compensation claim. There's no credit check, zero upfront fees, no out-of-pocket costs, and no job requirements. Legal financing is program is quick funding option. You can get the settlement cash advance in 24 hours, and the lowest rate is 2.75% Best of all, if you lose the case, you can keep the claim advance and pay back nothing.

Disadvantages of settlement loans for your workers' compensation

Everything has pros and cons, and the same principle applies to settlement loans for workers comp. Although pre-settlement funding for worker compensation claims has several distinct advantages for injured workers who need financial help after a workplace accident, such as providing cash now so they can pay their bills, staying financially afloat during the process of a workers comp settlement, and holding out for bigger settlement offer, clients should do their due diligence when considering borrowing against workers comp settlements.

Workers comp loans are not the cheapest financial products. In fact, pre-settlement funding can be pretty expensive if you work with the wrong company. The longer a case takes to settle or finalize is the more the client will pay back after the case has successful resolved. Accident Claim Loan recommends that clients consider taking out personal loans or home equity loans with a low rate if either of those financial options are available. However, if you do not have good credit or own a home and decide to obtain a workers’ compensation settlement loan, you should work with a legal funding company offering competitive rates and favorable lawsuit funding terms.


What can injured workers use workers comp advance for?

You can use the workers comp advance for anything you and your family need to survive while you are waiting to receive monetary compensation from a settlement workers comp injury claim. Paying the rent is a common use for a workers’ comp advance. Many clients also use the funds to pay for living expense, auto loan payments, mortgage, groceries, and utility bills.


How to get workers comp pre-settlement funding today?

If you need to borrow money to pay your bills, child care obligations, or ordinary living expenses, workers comp pre settlement funding can help cover your expenses and make ends meets during the lengthy workers comp settlement process. It’s easy to get pre-settlement funding on your workers comp claim: If you have a workers’ comp claim and have hired a lawyer, then you qualify to apply for a cash advance through Accident Claim Loan today. Give us a call toll-free at 1-888-715-8701 with any questions or fill out the short-form at the top of this page. It takes just 2 minutes to apply, so don't wait until the last moment.

Loans on workers comp settlements in my area?

Alaska workers comp

Accident Claim Loan provide cash advance for workers claims for injured workers who are awaiting workers comp settlements in Alaska. Pre-settlement loans are available throughout the states of Alaska including Anchorage, Fairbanks, Juneau, Eagle River, Badger, Knik-Fairview, Sitka, Lakes, and Tanaina.

Arizona workers comp

Workers compensation cash advances in Arizona are available for employees who suffered on-the-job injuries and urgently need a cash advance on a portion of the settlement money they expect to receive from a settled workers comp claim in AZ. Loans against workers comp settlements are available in every area throughout Arizona including Phoenix, Tucson, Mesa, Chandler, Glendale, Scottsdale, Gilbert, Tempe, Peoria, Yuma, Avondale, and Flagstaff.

Connecticut workers comp

Workers compensation loans can help injured workers in Connecticut borrow against workers comp settlement while waiting for a workplace injury case to settle. Accident Claim Loan is a nationwide pre-settlement funding provider speciating in cash advance for workers comp claims in all cities throughout CT including Bridgeport, New Haven, Hartford, Stamford, Waterbury, Norwalk, Danbury, New Britain, Bristol, Meriden, Milford, West Haven, Middletown, and Norwich.

Florida workers comp

Florida workers comp funding through Accident Claim Loan are available for injured workers seeking a cash advance for workers comp claims. Get a workers’ comp loan advance for your FL workers compensation settlement in the following areas, Jacksonville, Hollywood, Miami, Coral, Tampa, Pembroke Pines, St. Petersburg, Port St. Lucie, Orlando, Fort Lauderdale, Hialeah, and Tallahassee.

Indiana workers comp

Get pre settlement funding workers compensation in Indianapolis, Fort Wayne, Evansville, Bloomington, South Bend, Carmel, Columbus, Terre Haute, Muncie, Gary, Elkhart, Anderson, and Kokomo.

Iowa workers comp

Loans on workers comp settlements are available for injured workers in Des Moines, Cedar Rapids, Davenport, Ames, Iowa City, Dubuque, Waterloo, Sioux City, Council Bluffs, Ankeny, Cedar Falls, Mason City, and West Des Moines.

Louisiana workers comp

Advance on workers compensation settlements can help injured workers in New Orleans, Baton Rouge, Shreveport, Lafayette, Lake Charles, Kenner, Bossier City, Monroe, Alexandria, Houma, New Iberia, Slidell, and Sulphur.

Missouri workers comp

Have a pending workplace accident claim in Missouri? If you got hurt while on the job and expect to receive a workers’ compensation settlement in MO, Accident Claim Loan can provide a loan against your workers comp case in 24 hours. Funding is available in Kansas City, Lee’s Summit, St. Peters, St. Louis, O’Fallon, Florissant, Springfield, St. Joseph, Joplin, Independence, St. Charles, Chesterfield, Columbia, and Blue Springs.

Montana workers comp

Legal funding workers compensation is available in Billings, Missoula, Bozeman, Helena, Great Falls, Butte, Kalispell, Whitefish, Livingston, Havre, Belgrade, Miles City, and Dillon.

North Dakota workers comp

Loans before settlement on workmans’ comp can help injured workers with pending workplace injury claim in Fargo, Bismarck, Minot, Grand Forks, Williston, Dickinson, Mandan, West Fargo, and Wahpeton.

Oklahoma workers comp

Sometimes waiting for your workers comp claim to settle may not be an option. You need some money to tide you over until your case settles. Oklahoma injury workers who need cash to cover current expenses use pre-settlement funding for workers compensation claims in Oklahoma City, Tulsa, Norman, Edmond, Lawton, and Stillwater.

Rhode Island workers comp

Get fast, low cost Rhode Island settlement loans for workers comp claim in 24 hours. Accident Claim Loan specializes in RI pre-settlement funding in the all cities including Providence, Newport, Warwick, Cranston, Pawtucket, Woonsocket, Westerly, Johnston, Cumberland, and Middletown.

South Dakota workers comp

South Dakota workers comp funding can help injured workers in the following areas Sioux Falls, Rapid City, Aberdeen, Brookings, Pierre, Mitchell, Deadwood, Spearfish, Yankton, Sturgis, Vermillion, and Huron.

Washington workers comp

Workers comp loans are available throughout Washington including Seattle, Spokane, Tacoma, Vancouver, Bellevue, Kent, Everett, Renton, Yakima, Federal Way, Spokane Valley, and Kirkland.

Wyoming workers comp

Workers comp advance loans are available in the Cheyenne, Casper, Jackson, Laramie, Gillette, Cody, Rock Springs, Riverton, Lander, Evanston, Rawlins, and Douglas.