Can You Get Pre-Settlement Funding While Receiving Workers' Compensation in Ohio?

Can You Get Pre-Settlement Funding While Receiving Workers' Compensation in Ohio?

Many injured workers find themselves in a difficult financial position after an accident. While workers' compensation benefits can help cover medical expenses and a portion of lost wages, they often do not replace a person's full income. As bills continue to pile up, many people begin searching for additional financial options.

One question we hear frequently is whether someone can qualify for pre-settlement funding while receiving workers' compensation benefits in Ohio.

The answer depends on the specific circumstances of your claim.

Understanding the Difference Between Workers' Compensation and Personal Injury Claims

Workers' compensation and personal injury claims are not the same thing.

Workers' compensation benefits are generally available when an employee is injured while performing job-related duties. In exchange for receiving benefits, employees typically cannot sue their employer directly for negligence.

Personal injury claims, on the other hand, involve seeking compensation from a negligent third party.

Because pre-settlement funding is based on the potential value of a future settlement, funding eligibility often depends on whether there is an active personal injury claim rather than a workers' compensation claim alone.

Situations Where Funding May Be Available

Many workplace accidents involve more than one responsible party.

Examples may include:

• Car accidents while driving for work

• Construction site accidents involving subcontractors

• Defective equipment or machinery

• Injuries caused by third-party vendors

• Property owner negligence

In these situations, an injured worker may receive workers' compensation benefits while also pursuing a personal injury claim against a third party.

That personal injury claim may qualify for pre-settlement funding.

What Funding Companies Typically Review

When evaluating an application, funding companies often review:

• Liability

• Available insurance coverage

• Nature and severity of injuries

• Medical treatment history

• Attorney representation

• Estimated settlement value

Each case is evaluated individually.

Can You Get Funding Based Only on a Workers' Compensation Claim?

In most cases, traditional pre-settlement funding companies do not fund workers' compensation claims alone.

The reason is that workers' compensation claims operate under a different legal framework and often do not produce the same type of settlement structure that personal injury funding companies rely upon.

However, every case is unique and it may still be worth discussing your situation with a funding specialist.

Why Injured Workers Seek Funding

Many people use pre-settlement funding to help manage:

• Mortgage payments

• Rent

• Utilities

• Vehicle expenses

• Medical bills

• Everyday living costs

Unlike traditional loans, pre-settlement funding is generally non-recourse, meaning repayment is typically owed only if the underlying case successfully resolves.

Speak With a Funding Specialist

If you are receiving workers' compensation benefits and also have a related personal injury claim, you may have funding options available.

At Instabridge Legal Funding, we review cases individually and work directly with attorneys to evaluate potential funding opportunities.

Contact our team today to learn whether your case may qualify.