Workman’s Compensation Advances

“do you do settled workers comp cases”

In select circumstanes we are able to obtain an advance on Workman’s Compensation payments.

Let’s cover some basics first…

Workers’ compensation is an employer financed, no-fault insurance, which compensates employees who have been disabled due to work-related injury or disease.They may be paid by federal or state workers’ compensation agencies, employers or by insurance companies on behalf of employers.

Each state has a law indication the WC is not assignable, meaning the payments cannot be transferred to a third party, who would be offering the advance. In most cases this is the final answer.

When the personal injury laws were passed, about a dozen states included the term “workers compensation” in the definition.

What this means to you…

A dozen states allow the opportunity for an assignment pending the approval of a judge and a Workers Compensation Board. Both parties must approve the transaction, with approval based on the circumstances of need.

So if you live in one of those states, and you have a significant need, then we will take your request to the court and the board and they will be the ones to say yes or no.

Hope that answers your question. Please give us a call, 800-509-1535 for more information on what states may allow an advance on your future payments.

Jason

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