Lawsuits are expensive. For those that have filed a personal injury suit against a major corporation, local business, municipality, or individual, your claim will likely be opposed by corporate attorneys, or attorneys who represent the insurance companies of the business, government entity, or individual that you’ve filed the suit against. Their strategy will be to delay, delay, and then delay some more.
Those who suffer personal injuries due to the negligence or mistakes of another, may find it impossible to pay basic bills such as living expenses, rent, food, monthly bills, or car payments. If you have no income, and expenses piling up, opposing counsel can use your desperate circumstances to force you into an unfavorable settlement. Often, need and pressure become part of their strategy.
Those who are injured often must find someone who’s willing to provide litigation financing for personal needs. Lawsuit funding companies like LawCash ensure that you get a fair settlement in your case, and that opposing counsel can’t delay until your savings run out and you can no longer support yourself and your family. There are number of types of personal injury lawsuits where the defense might try to secure a lowball settlement through delay. Indeed, individual plaintiffs most frequently receive litigation financing in personal injury lawsuits.
Personal Injury Lawsuits Often Require Litigation Financing
In the broadest sense of the term, personal injury cases involve claims of negligence against a defendant whose actions or inactions resulted in an injury to another. Litigation financing is often necessary since injured plaintiffs are likely losing time at work, may be replaced, and may not have any money coming in, while bills increase exponentially.
Top 6 Personal Injury Cases Requiring Lawsuit Funding
- Transportation accidents, including: auto accidents, motor vehicle accidents, train accidents, aviation accidents, and bicycle accidents (sometimes involving gross criminal negligence and serious bodily harm)
- “Slip and Fall” lawsuits (also known as “Premises Liability” cases)
- Medical malpractice lawsuits
- Environmental conditions that lead to serious illness
- Workplace injuries, including FELA, Labor Law, and Jones Act lawsuits
- Product liability suits involving defective products, often medical devices
LawCash wants to ensure that individual, injured plaintiffs don’t have to settle too soon because their resources and finances dry up. We seek to avoid the situation where defendants responsible for their injuries can force those hurt into an unfavorable settlement as their financial situations become more desperate. Companies like LawCash can help level the playing field in lawsuits, especially considering that with the insurance companies behind them, most personal injury defendants have virtually unlimited resources.
