The average compensation for a work injury depends on the claim. Regardless of your on-the-job injury, you may be eligible for damages from an at-fault party. Along with this, you may be able to get a workers’ compensation lawsuit loan.
For those who want compensation right away while they are in the middle of a work injury lawsuit, the team at Silver Dollar Financial can help. We can offer legal funding for on-the-job injury cases within 24 hours. To learn more, reach out to us.
Workers’ Compensation Costs
The National Council on Compensation Insurance’s (NCCI) Workers Compensation Statistical Plan provides insights into the cost of workers’ comp claims based on the cause of injury. Per NCCI data, the average cost of a claim relating to a motor vehicle crash in a given two-year time frame was $89,152. NCCI also noted there were above-average claim costs for these work-related injuries:
- Burns ($52,161)
- Falls or slips ($49,971)
- Caught in a machine or equipment ($47,076)
You may get hurt for these reasons and many others at work and submit a claim for workers’ comp. While you wait for damages, Silver Dollar Financial may be able to provide you with funding based on your claim. For more information, get in touch with us.
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Construction Accident Injury Costs
There are direct and indirect costs relating to construction injuries. Some research suggests up to 9% of a construction project’s costs are linked to workplace injuries. Expenses you may be forced to deal with due to a construction accident injury include:
- Lost wages
- Medical bills
- Long-term rehabilitation and treatment costs
Following a construction accident, you may be able to seek damages as part of a workers’ comp claim or injury lawsuit against your employer. To get the compensation you want, it may be beneficial to partner with an injury lawyer. Then, your attorney can go over your legal options with you, and they may also help you get a construction accident lawsuit loan.
Slip and Fall Injury Costs
According to the U.S. Centers for Disease Control and Prevention (CDC), slips, trips, and falls are among the leading causes of workplace injuries. The severity of a slipping and falling injury can impact the cost of treating it. In some cases, a trip and fall results in an injury that affects an individual for the rest of their life.
If you slip and fall at work, it may be best to seek medical help right away. Rather than try to “tough it out,” going to a doctor allows you to receive medical care and support for your injury. A doctor can diagnose and treat your injury and provide tips and recommendations on how to prevent it from getting any worse.
There are times when an employer is liable for a slipping and falling accident and injury. At these times, it may be helpful to take legal action against the employer. An attorney can help you submit a claim for damages and pursue a slip-and-fall lawsuit loan as needed.
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Spinal Cord Injury Costs
The average yearly and lifetime costs to treat a spinal cord injury depend on its severity and the age at which it occurred, The Christopher & Dana Reeve Foundation points out. Research indicates that 45% of those dealing with a spinal cord injury reported incomplete tetraplegia in which they experience weakness of the arms and legs. Also, it shows less than 1% of people who suffer a spinal cord injury experience full neurological recovery by the time they are discharged from the hospital.
You may suffer an injury to your spinal cord due to no fault of your own. If your injury takes place at work, you may be able to get compensation through a workers’ compensation claim. Or, if your request for workers’ compensation benefits is denied, you may want to pursue damages through an injury lawsuit.
As soon as your injury happens, it may be a good idea to get legal help. An injury attorney can take a look at your case and help you decide if now is the right time to file a lawsuit. In addition, a lawyer may help you request a spinal cord injury lawsuit loan.
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Burn Injury Costs
The cost of burn care can be expensive. In a review of several studies, researchers noted the mean total healthcare cost per burn patient in a high-income country was $88,218. The range for healthcare expenses for burn patients fell between $704 and $717,306.
You may suffer a burn injury due to your employer’s negligence. For example, your employer may fail to store dangerous chemicals properly. If you come into contact with these chemicals, you may get burned, which may force you to miss work for an extended period of time.
If you believe you have a valid claim for damages based on a burn injury, it may be in your best interests to partner with a lawyer. You and your attorney can work together to pursue compensation for your claim. With help from your lawyer, you may also be able to obtain a burn injury lawsuit loan.
Work Injury Damages
Suffering a work injury may impact your finances now and in the future. Fortunately, you may be able to recover economic compensation for your quantifiable losses and non-economic damages for your subjective ones. You may receive compensation for medical fees, pain and suffering, and other losses.
Your attorney may help you calculate your losses. They may encourage you to pursue economic and non-economic damages. Even if you request a reasonable amount of compensation, there is no guarantee you will receive 100% of the damages you request.
If you want compensation to help you during your work injury case litigation, many types of pre-settlement funding are available. A legal loan allows you to borrow against a projected settlement. You are only required to repay this loan if you win or settle your case.
Request a Lawsuit Loan Based on Your Work Injury Case
If you are considering legal loan options, the team at Silver Dollar Financial can help you out. We can discuss our pre-settlement loan options for work injury cases with you. To find out more, contact us today.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding