Workers Comp Third Party Claim Facts
LawCapital can help bridge the financial gap between the filing and settlement of a workers comp third party claim. Many people that are involved in workers compensation lawsuits eventually face financial hardships. Many can’t work for extended periods of time and the legal process is long and drawn out. Some cases take many years to resolve.
In a standard workers compensation claim, the employer or the employer’s insurance company is being sued. In a workers comp third party lawsuit, the defendant is a different party. Usually, the third party claim involves some type of personal injury that prevents the claimant from completing his/her regular job duties.
Seek out the help of an experienced attorney if you think a workers comp third party claim fits your situation. Regulations vary by state, and often there is a standard workers compensation claim covering the same injury.
A court will not award you money from two different parties on exactly the same claim. For example, if you collect $300,000 from a third party for a personal injury resulting in a $50,000 workers compensation claim, the third party may subrogate (get credit for) the $50,000 already paid. An experienced lawyer will help you sort through these subrogation issues.
According to a November 2009 New York Times article, female hotel employees experience a higher rate of on-the-job injuries than male employees. More women serve in housekeeping capacities than men, which puts them at a higher rate of repetitive stress injuries, especially while lifting and bending.
The repetitive stress injury may be a hazard of the job, but what if the chemicals or equipment used cause injury? This may be a case for workers comp third party. An experience attorney will help define the situation.
LawCapital specializes in the funding of settled and pre-settled workers compensation third party lawsuits. During the funding process, LawCapital requests some of the case documentation, underwriting evaluates the lawsuit to determine whether funding can be extended, and if approved, a contract is issued for the injured party and his/her attorney to sign. The injured party’s attorney then repays the lien when the case is resolved. All funding is non recourse, which means that if for any reason, there is no recovery on the case, then no money is owed back.