Work Accident Injury Loan
Have you suffered an injury at work and have a good compensation claim? You may qualify for a Lawfunder work accident injury loan.
Australia has some tough Workplace Health and Safety Laws, nevertheless work accidents still happen and accidents involving negligent employers are still frequent.
Work Accidents can occur through:
- no fault of the employer – in which case you are entitled to work cover benefits or;
- employer negligence, workplace health and safety violations, or unsafe working conditions. In thie case you may be entitled to make a compensation claim for negligence. This is important as damages are usually significantly higher.
Where you have an existing compensation claim, Lawfunder provides settlement loans to relieve financial pressure in the meantime. Don’t be forced to settle early and accept a small WorkCover payout. If you do, you will have to give up your common law rights (and a lot more money). With a Lawfunder loan you don’t have to make any monthly repayments and there are no credit checks.
Do I qualify for a Work Accident Settlement Loan?
Qualifying for a work accident settlement loan with Lawfunder loan is easy. You need to meet the following criteria:
| Number | Lending Criteria |
|---|---|
| 1 | You must be 18 years of age or older. |
| 2 | You have a lawyer working on your case on a No WIn No Fee basis – Firstly, having already hired a lawyer shows that your case is serious. We work directly with your lawyer, so they need to already be invested in the case. Second, by operating on a No Win No Fee basis, your lawyer is giving a professional seal of approval that your case is strong. |
| 3 | You’ve suffered a significant injury – If you have only suffered minor injuries, your compensation award will not be high. and may mean you will not have enough money to repay the loan. We will only lend money where we can conservatively estimate a sufficient compensation value to your injuries and loss. |
| 4 | The amount of damages will be sufficient to repay the loan, fees and interest, after payment of any government agency refunds, and your legal fees and expenses. |
| 5 | The other party must be liable ie at fault – We can only lend to plaintiffs with a strong case ie where someone else is primarily to blame. If there is confusion over who is at fault, we may not be able to approve you. |
| 6 | You have a legally worthy claim against an insured or self-insured person or entity |
We do not lend to anyone that doesn’t have legal representation. It’s essential we know how much you can expect to receive in a compensation settlement, after legal fees and other deductions. We will discuss this with your lawyer and determine how long the case may take, and how much of your settlement you may end up receiving. We can then loan a percentage of this sum.
If you have questions about Lawfunder loans, you can learn more here.
Workers Compensation vs. Common Law Compensation Claim
Typically, if you are injured while working and no one else is found to be negligent, you will be compensated for your injuries and given time off of work through workers compensation.
If your employer, an independent contractor or anyone else causes your injury while you are on the job, you may also seek recovery outside of workers compensation. This is done by commencing a common law claim for negligence. In our experience, the amount of compensation recovered in such claims far exceeds the amount that WorkCover offer to settle for.
Typically, when these claims are finalised, WorkCover takes a lien/charge over your negligence claim. This means that you must pay them back from the settlement proceeds, the amount that they paid out to you beforehand. Lawfunder also takes a charge over the settlement proceeds, behind WorkCover and your lawyer’s legal fees and expenses.
After every serious injury at your workplace, it is important to consult with an experienced personal injury lawyer to understand what options you have. It is critical that you do not sign your rights to make a common law claim away in order to accept a WorkCover payout without consulting an experienced Lawyer first.
Why Choose Lawfunder for a Work Accident Personal Injury Loan
At Lawfunder, we take pride in helping plaintiffs. There are no fees payable upfront and nothing to pay until your compensation claim is over. Our goal is to help you obtain a fair settlement, and hold on to as much of it as possible.
Apply online or call us today at 1300 244 529.
https://www.lawfunder.com.au/apply-now/