Construction Accident Pre-Settlement Funding
Construction sites can be incredibly dangerous environments to interact with, but they are a daily part of many people’s lives. Whether you are a pedestrian or a construction worker, experiencing a construction accident can result in serious physical, financial, and emotional distress. You can seek compensation for the damages by pursuing construction accident pre-settlement funding.
Construction Accidents in Stats
How LitiPay Pre-Settlement Funding can help construction accident victims
LitiPay’s pre-settlement funding can support victims needing to cover short-term costs, allowing the victim to pursue legal recourse and have the at-fault party pay fully for damages and costs.
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Advice for construction accident victims
Sustaining injuries from a construction accident can be an extremely shocking and painful experience and result in physical disability, financial strain, and emotional suffering. You can mitigate the severity of this traumatic situation by leaning on your support network and relying on a well-executed response plan.
After a construction accident, victims should:
Seek immediate medical care.
Even if you think you’re okay, it’s important to get medical attention right away. The shock of a sudden construction accident can temporarily numb you to pain, and it’s possible to sustain internal wounds invisible to the naked eye. Get a medical professional’s assessment to avoid exacerbating potential injuries.
Submit an incident report in writing.
As soon as you are physically able, notify your supervisor of the accident. This begins a paper trail documenting the incident and will help you begin the process of filing for workers compensation. Make sure you keep copies of any incident reports or emails you submit.
Gather eyewitness contact information.
If possible, collect the names and numbers of all eyewitnesses before you leave the scene of the construction accident. Record and take notes documenting their accounts of the incident.
Document everything.
Take photographs of the environment, especially if there is defective equipment or a clearly hazardous obstruction in the work environment. If you require medical attention, keep track of all medical expenses accumulated as a result of the accident. Be sure to keep inventory of all days off and lost wages you’ve sustained as well.
Talk to an attorney.
Get in touch with an experienced lawyer to discuss your options. If the construction accident occurred as a result of the construction company’s negligence, you may be able to receive both workers compensation and a construction accident settlement.
Recovering from a construction accident will take time, patience, and mental fortitude. With the help of your loved ones and legal team, you can regain control of your life by seeing a strategic plan of action to the end.
How Construction Accident Settlements Work
The equipment, environment, and nature of construction work is incredibly dangerous, making it one of the deadliest occupations in the country. Because of these risks, construction company owners are responsible for ensuring a reasonable degree of safety for their employees and nearby civilians. Construction accidents can result in severe and even permanent physical disability, lost wages, continuous medical bills, and pain and suffering.
Victims of construction accidents can seek compensation through litigation or by accepting a construction accident settlement. A settlement occurs when a victim accepts compensation from the at-fault party and releases the responsible entity from further obligation. Settlements are often preferable for both victims and defendants because lawsuits can take much longer to resolve and may have unpredictable results.
At the same time, settlements are not without their own vulnerabilities. Disoriented and unsupported victims may accept an unfair settlement amount only to receive funds at a much later date than anticipated.
In contrast, pre-settlement funding allows victims in need of immediate compensation to access funds before their claim reaches a potential settlement. However, pre-settlement funding is not a loan. There is no obligation by the victim to pay back pre-settlement funding unless there is a monetary recovery in their lawsuit.
FAQs from Construction Accident Settlements
Disclaimer: The information on this page is not intended to be legal advice. Please ensure you seek legal counsel in the event of a personal injury.
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