Qualifying for Slip and Fall Lawsuit Funding
When you’ve been injured in an accident, the last thing you should be worried about is getting funding. That’s why we make qualifying for a slip and fall lawsuit loan as simple as possible. If you are over 18, there are only 3 qualifications:
- You’ve hired an attorney on contingency – Having an attorney already on board is important because we deal almost exclusively with your legal counsel. In addition, having them work on contingency is an endorsement that your case is strong.
- You have a physical injury – While emotional damages can result in a very high settlement, it’s difficult for us to assign value. That’s why we only fund cases in which you have been physically injured. The severity does not matter.
- The property owner/lessor is liable – Liability can be difficult to prove in a slip and fall case. If they have failed to remove a hazard, it’s fairly simple, but that’s not always the case. In order to get funding, your attorney should be able to give Provident some info that helps us see how the other party might be liable for your damages.
If you meet these criteria, you qualify for funding – give us a call today and we’ll get you approved in no-time.
How Much Legal Funding Can I Get?
There is no set amount of money that we can offer, as all cases are different. The value of your case depends on the physical damages. We will work with your attorney to determine the value of your claim.
For a slip and fall case, comparative liability makes value tough to determine. Our expert underwriters bring to the table years of experience as practicing slip and fall attorneys.
Once we’ve determined the value, we can offer up to a maximum of 15% of your case’s value in funding.
Regardless of the maximum funding, you can get, it’s important to take a reasonable advance. Accepting too much will result in more of your settlement going towards interest. You and your attorney should determine how much you actually need to pay your bills.
We want you to end up with as much of your settlement as possible, and most cases qualify for additional funding as the case progresses.
Learn More About Slip and Fall Lawsuits
Slip and fall accidents are one of the most common lawsuits out there. Because slips and falls can result in serious injury, it can sometimes take a long time to settle your claim.
Once you’ve hired an attorney, you and your attorney will work with medical providers to get you the treatment you need for your injuries. Just treating your injuries alone can take anywhere from months to years depending on severity.
Usually, it is only after a plaintiff finishes treating that their attorney sends a demand letter to the defendant. The reason for this is that it is important that plaintiffs reach MMI (maximum medical improvement) to understand the total medical expenses from treating their injuries.
There are however exceptions here, but most insurance companies want to make it as difficult and costly as possible for plaintiffs to get a recovery. It is fairly unlikely they will offer a fair settlement immediately after you complete treatment.
Often, your attorney will have to actually file your slip and fall claim and some cases even go all the way through to trial. Once your case is filed, you can expect another 3 – 6 months of lawsuit proceedings including pleadings, motions, scheduling conferences, discovery, pretrial conferences, trial. After that, there is even a chance that the case is appealed.
Facts and Statistics about Slip and Fall Accidents
According to the National Floor Safety Institute, slip and fall accidents account for one million ER visits every year. While they do not constitute the most fatal accidents, they are the number one cause of injury-related lost days of work. Severity varies, but the most serious consequence of these accidents is a bone fracture or break.
Contrary to what you might think, slip and falls do not always occur due to a foreign substance (e.g. liquids or ice) creating a hazard. According to the Canadian Centre for Occupational Health and Safety, design flaws in flooring can play a major part in workplace accidents. For example, two adjacent sections of flooring with different levels of traction can create a major hazard.
The best way to prevent slip and fall accidents is simple housekeeping. Clean up messes, remove hazards, and repair/replace any equipment that might hinder someone’s safe mobility. The last point applies to the flooring as well.