Premises Liability Pre-Settlement Funding

Are you dealing with the financial strain of a premises liability lawsuit? Facing unexpected bills and a loss of income can be overwhelming, especially when your injuries keep you from working.

Pre-settlement funding offers a financial solution for plaintiffs involved in a premises liability lawsuit. This type of funding provides you with an advance on your potential settlement, enabling you to cover immediate expenses such as medical bills, and living costs, without the need to rush into a quick settlement. It helps you maintain your financial stability throughout the process.

Understanding Premises Liability Claims

A premises liability case arises when someone is injured due to unsafe conditions on someone else’s property. These cases fall under personal injury law and are typically based on negligence, which can be attributed not only to the property owners but also to other parties. Property managers, tenants, maintenance companies, and any other entities involved in the property’s upkeep and safety can also be held liable if their negligence contributes to the unsafe conditions.

Pre-Settlement Funding: A Financial Lifeline for Premises Liability Lawsuit Victims

If you find yourself struggling with expenses while fighting a premises liability claim, applying for funding with a reputable lawsuit funding company, like Baker Street Funding, could be a strategic move to secure your financial future while awaiting the conclusion of your case.

A lawsuit loan, also known as pre-settlement funding, is a financial arrangement designed to assist individuals in premises liability claims. It provides you with a cash advance against your future settlement or judgment..

At Baker Street Funding, we provide what’s called “non-recourse financing”. That means you only need to repay the advance if you win your case or settle out of court. This is especially useful when you face mounting bills and financial strain due to your inability to work and the ongoing costs associated with medical care and rehabilitation. It also helps you endure the often protracted legal process without compromising on your legal strategy or future settlement amount.

How the Legal Funding Process Works

The legal funding process starts with an application. Our underwriters will review the merits of your case based on the documentation and evidence provided by your attorney.

Together with your attorney, we’ll assess the potential outcome of your case, and how strong it is. We’ll take a look at damages, faulty designs, history of similar incidents or filed complaints, how code violations directly contributed to the incident, among other nuances, and then determine the amount of funding you can get. We often make funding decisions within 24 hours of doc submission.

Once you’re approved, you and your attorney will get a pre-settlement funding agreement to look over and sign. The agreed-upon amount, which includes the principal and fees, is paid by your premises liability attorney, directly from the settlement or judgment you receive.

Funding Eligibility for Premises Liability Lawsuits

To qualify for settlement funding, you need to be represented by an attorney who agrees to cooperate with Baker Street Funding. You also must have a strong personal injury lawsuit, and a case value of $50,000+.

What Makes a Strong Premises Liability Lawsuit?

1. Clear Evidence of Negligence. Prove that the negligent party was aware of a dangerous condition (like broken flooring or inadequate lighting) and didn’t take reasonable steps to fix the danger or warn visitors.
2. Documentation of the Hazard. Clear, timestamped photos or videos showing the unsafe condition, alongside maintenance or incident reports.
3. Witness Testimony. Accounts from people who witnessed the accident or who can attest to the long-standing nature of the hazard.
4. Previous Complaints. Documentation of previous complaints to the property owner or maintenance team, and other parties, about the hazardous condition.
5. Direct Causation. Linking the negligence directly to the accident and your injuries is equally important. This might include expert testimony linking the type of injury sustained to the specific hazard encountered.

What Determines the Value of a Claim?

The value of a premises liability claim considers the potential financial compensation that can be recovered. Here’s what influences this value:

1. Severity of Injuries. More severe injuries typically result in higher medical bills, longer recovery times, and greater compensation for pain and suffering.
2. Impact on Quality of Life: Compensation for any permanent disabilities, loss of earning capacity, and overall impact on daily living.
3. Medical Costs. Calculations include all medical expenses from emergency care to ongoing treatments, which are direct out-of-pocket costs.
4. Insurance Coverage Limits. The maximum compensation is often limited by the insurance policy limits, affecting the final settlement amount.
5. Contributory Negligence. In many jurisdictions, if the victim is found partly at fault, it can significantly reduce the compensation amount.

Common Types of Premises Liability Claims We Fund

• Slip and fall accidents
• Faulty elevator and escalators
• Damaged stairs
• Carbon monoxide
• Swimming Pool Accidents
• Exposure to Toxic Chemicals or Fumes
• Negligent Security

Why Choose Baker Street Legal Funding?

Transparency is at the core of Baker Street Funding’s operations. We provide clear terms with no hidden fees or surprises. Our interest rates start at 2.95% non-compounding and are capped, meaning you won’t face escalating costs over time. Our funding specialists make sure that you understand all aspects of your funding agreement before proceeding.

How We Help Victims

• Faulty Design. In a notable 2019 case, a family was awarded significant damages after a balcony railing failed due to poor design, which led to serious injuries. Baker Street Funding was able to provide up to $80,000 in legal funding, and the client was able to maintain her living costs until she won her case.
• Inadequate Security Measures. A 2020 lawsuit resulted in a large settlement after an individual was assaulted in a parking garage that lacked sufficient lighting and security cameras, conditions that violated local safety ordinances. Baker Street Funding was able to provide up to $50,000 in lawsuit funding to the client to cover ongoing medical bills and rent throughout his case.

Ready to Give it a Try?

Don’t let financial worries complicate your recovery and fight for justice in your premises liability lawsuit. Contact us today at (888) 711-3599 to explore how our pre-settlement funding options can help bridge the gap until your premises liability case resolves.

Remember, if your premises liability lawsuit doesn’t result in a financial award, you owe us nothing. This structure removes the financial risk from you.