Product Liability Pre-Settlement Funding
If you or a loved one was injured due to a defect in the design or manufacture of a product or because the manufacturer failed to provide proper warning of the risks associated with that product, you may have filed product liability lawsuit. Getting from the initial filing of your liability claim to settlement of the claim can be a long, time-consumptive process. You may be left with injuries from the manufacturer's negligence that leave you unable to work and meet your financial obligations from before the injury. To bridge the financial gap between injury and settlement, product liability pre-settlement funding can help.
Your Product Liability Case and Pre-Settlement Funding
The average award in a successful product liability case is a little over $6 million dollars. While the result of these defective products can be devastating, as a plaintiff in a product liability case you could potentially be compensated immensely. Because of the complexity of this type of litigation, many funding companies will not advance money unless your case has settled. At Baker Street Funding we have a group of specialty underwriters that analyze and help fund product liability cases. We are in the process of opening dedicated pools of capital to help fund plaintiffs in certain large product liability lawsuits.
Cash Advance for Product Liability Litigation Funding
While you wait for your case to proceed through the courts, product liability litigation funding is nonrecourse funding that provides you with a percentage of your product liability claim's worth as a cash advance. This money is given to your right away following approval of your funding application, so you can access it quickly and help smooth the financial chaos that injury often yields. The money is yours to do with as you please, and you only repay the advance when your case settles. If your case is decided unfavorably, you do not pay.
Product Liability Settlement Funding – Getting Started
Negligent companies are slow to pay up when they cause harm to consumers, but the wait is lessened with product liability settlement funding. Find out how Baker Street Funding can help you through the financial stress of dealing with a product liability claim with needed cash you can access immediately.