How Workers Compensation Work

Workers compensation is a form of insurance that is purchased by employers to cover for illnesses and injuries incurred by employees at the place of work. Understanding your employment law as an employee is important, and a great place to find good resources is theleelegalgroup.com. 

Today, we provide you with the basic information that you need to have about workers compensation. So, read on to find out.

What is Workers’ Compensation?

Also known as workers comp, workers compensation is a program that employers are required by the law to have to protect employees from illness and injuries that result from work. Just like the federal government, each state has its compensation program.

To find your state compensation laws, go to the official page of the U.S. Department of Labor, and check on the State Workers’ Compensation page. In most cases, the workers receive compensation regardless of who contributed to the injury. 

Types of Expenses Covered by The Workers’ Compensation

The Workers’ comp covers all the expenses that result from work-related injury or illness suffered by the employees. Here are the things that the compensation covers.

  Replacement income

  Medical care from the illness or injury

  Compensation for all permanent injuries

  Costs for retraining

  Benefits to survivors of employees who are killed at the work premise

However, once you collect the compensation benefits, you can’t sue the employer. Besides, the workers’ compensation doesn’t include the suffering or pain caused by the tragedy.

Who is Covered by The Workers’ Comp Insurance?

The insurance covers most employees. However, states normally don’t include coverage for any of these workers:

  Business owners

  Independent contractors

  Employees of private homes

  Volunteers

  Maritime employees

  Farmers and farmhands

  Casual workers

  Railroad employees

If you are a federal government employee, then you are not covered by the state workers’ compensation since you are covered by the federal workers’ comp program. Furthermore, some states do not require an employer with less than 5 employees to take the cover.

So, if you suffer any injuries or illness contributed by your employer’s recklessness or ignorance at your place of work, then you can sue them. If you win the case, then you may be awarded a range of damages including mental anguish, pain and suffering, lost wages, medical expenses, and punitive damages.

Conclusion

Suffering from accidents at … Read the rest

Lawsuit loans which are also known as lawsuit funding, settlement funding, lawsuit cash advances or litigation financing refer to money advances against a settlement award or future lawsuit judgement. In case you’re in the middle of a trial and need some cash, choosing a lawsuit funding option is one of the choices you can put into consideration particularly if you have used all the money sources you had.

Lawsuit funding is provided to plaintiffs who are expected to win or settle a judgement in a trial. As a plaintiff, after filing a personal injury case, you can consider applying for this form of loan with a reputable lawsuit funding firm. The firm you collaborate with will evaluate your case in order to figure out the amount of money you can expect to acquire if you negotiate or win a case.

After determining the sum of money you can expect to acquire, the lender i.e. the lawsuit funding firm then provides you an amount of money as loan. In exchange, you will be required to pay the firm that amount of cash plus a funding fee’ once the case is settled.

Pros of Lawsuit Loans

#1: Payment is Only Needed if you Win the Case

If you apply for lawsuit funding but unfortunately you lose your case, you’ll not be needed to pay back the cash owed.

#2: Credit History is not required to determine if you Qualify for the Loan

Unlike with regular loans whereby credit checkers are required to review your financial details in order to know your credit worthiness, this is not the case with settlement funding. With settlement funding lenders will not need to check your credit score or bank account in order to figure out if you are qualified for this kind of loan.

#3: Payments Made After Winning the Case

Typical loans will always need you to make upfront fees or monthly payments once you consider them. However, with settlement funding you will only be needed to make payments after you emerge a victor in your case.

#4: Fast and Easy Procedure

With settlement funding, as an applicant you can get the loan in less than 48 hours. This is possible since the application procedure is easy and the loan approval process is quick.

Cons of Lawsuit Loans

#1: Not All Trials Qualify for this Kind of Loan

Since lending firms take a substantial risk … Read the rest