Those who have suffered a job injury on a vessel covered by the Jones Act are encouraged to waste no time in pursuing a settlement. The longer they wait, the less likely they are to receive the compensation they deserve. While many avoid going to court based on the financial burden that is associated with such a case until a settlement is reached, a settlement loan can be the perfect solution.
Many who believe they are not covered by the Jones Act actually are. The Jones Act covers those who work on a wide array of boats, ships, barges, fishing vessels and oil rigs, just to name a few. As a matter of fact, if an individual is employed doing work near a body of water, there is a good chance on-the-job injuries can be compensated.
As opposed to workman’s compensation, the Jones Act can provide injured workers a higher settlement level.
Although the settlement is likely to cover any costs incurred in court, it is understandable that many lack the funds to initiate such a case. Pursuing a settlement loan has been the answer to thousands of victims. After an initial free consultation with an experienced attorney, the individual can have a good idea of whether or not they can win their case.
If the ball is in their court, a settlement loan can be viewed as an “advance” on their settlement. Once the settlement is received, the loan can be quickly paid back without incurring hefty finance charges.
The biggest mistake that injured employees of aquatic vessels make is assuming they cannot afford to pursue a Jones Act settlement. The benefits that could possibly be reaped more than make up for any initial cost, and the acquisition of a settlement loan can get anyone started on the path of adequate compensation.