Getting injured on the job can be an inconvenience on a number of levels, especially from a financial standpoint. If your work-related injury keeps you from doing your job and you live paycheck-to-paycheck, it might be hard to keep up with expenses until you can return to work.
Fortunately, many injured workers are entitled to workers compensation benefits, which are meant to pay you until you can return to work again. Workers Comp’ benefits in Alabama are 66.67% of an employee’s weekly wage—subject to the state minimums & maximums.
That’s a nice reprieve once you get it, but sometimes the system doesn’t work quickly enough. For example, according to Alabama code, there’s a three-day waiting period after your workers comp claim and your disability or indemnity period will start the fourth day you’re out work. Your workers comp benefits should be paid within 30 days after it is due. If you can’t wait 30 days, the process takes longer for some reason, or worse your claim is denied, what are you to do in the meantime? A denied workers comp claim could take months or even years to get resolved.
If you’re struggling to pay your rent, mortgage, car payment, medical bills or other obligations because you haven’t received your workers comp benefits, Bridgeway Legal Funding can help. We serve as a lifeline for injured workers and advance them a portion of their anticipated workers comp settlement right away. Let us help you get the cash you need now to stay afloat until your lawyer can secure your fair compensation.
An advance on your workers comp claim is a non-recourse advance, NOT A LOAN. Unlike a loan which requires you to re-pay the money no matter what, an advance on your claim only needs to get re-paid if you win your case. To learn more visit: Lawsuit Loans.
How long does the workers comp settlement advance process take?
Bridgeway Legal Funding can help you get a workers comp cash advance in three steps:
- Call or email Bridgeway Legal Funding and give us your injury details.
- We’ll contact your attorney to get more information about your case and determine its value.
- We will send you a contract to sign electronically once everything is approved. Bridgeway Legal Funding will send you your money immediately after you and your attorney sign the contact.
How much money can Bridgeway advance me now?
Typically, Bridgeway Legal Funding can advance 10 to 20 percent of a workers compensation claim. The value of your injury claim will depend on a number of factors including the severity of your injury, how long you will miss work, if your injury is permanent or not and the level of your pay prior to the injury.
How much is my workers compensation claim worth in Alabama?
Your workers compensation claim is based off your average weekly wage (AWW) for the 52 weeks before you were injured. If you weren’t employed for 52 weeks yet, your employer might base your AWW on an employee with similar earnings. The AWW is calculated by dividing your earnings during the prior 52 weeks by 52 (Earnings ÷ 52 weeks = AWW). Your workers comp claim will be 66 2/3 percent of your AWW.
What are Alabama’s workers compensation benefits?
There are four different workers compensation benefits available in Alabama (excluding death). Here are the benefits that could be available to you and how long they last:
- Temporary total disability (TTD): an injury that prevents a worker from doing their job during their recovery period. Workers comp benefits are equal to two-thirds of your AWW and claim time window is unlimited.
- Temporary partial disability (TPD): worker can’t perform the same job duties as they could before their injury but can still work in some capacity. TPD benefits are also equal to two-thirds of you AWW, minus the compensation you’re getting for the modified work you’re doing during this time. TPD claims can’t exceed 300 weeks.
- Permanent partial disability (PPD): like TPD, PPD benefits are for workers who can’t do their pre-injury job duties, but are still able to work. The difference is workers receiving PPD benefits won’t be able to return to their prior job. PPD benefits are limited to 300 weeks.
- Permanent total disability (PTD): these benefits are for an injured worker who can’t return to any type of employment based on their education or experience. PT benefits are also equal to two thirds of the worker’s AWW. The benefits time window is unlimited.
Contact Bridgeway Legal Funding today for your pre-settlement workers compensation claim cash advance
A work injury should not prevent you from earning a steady income. If you’re struggling to pay your bills because you’re missing work and your workers comp benefits are taking too long to arrive, get in touch with Bridgeway Legal Funding. We’ll do what we can to get much-need cash into your hands within 24 to 48 hours.