Funding for Workers' Compensation Third-Party Claims
Have a third-party claim on top of workers' comp? Green Street Funding offers non-recourse funding on the lawsuit. If the case is lost, you owe nothing.
Workers' compensation is designed as a no-fault system. It can pay medical bills and part of your lost wages, but it usually does not pay for pain and suffering. For many injured workers, those benefits fall short.
A third-party claim is a separate lawsuit against someone other than your employer whose negligence caused your injury. Examples include a driver who hit you while you were working, a subcontractor who left a hazard, or the manufacturer of a machine that failed. Your comp carrier may have a lien on part of any recovery, which your attorney will account for.
How pre-settlement funding helps
Green Street Funding reviews the third-party lawsuit and, if approved, provides non-recourse funding while it is pending. You can keep receiving comp benefits and use funding to cover the gaps. If the third-party case is lost, you do not repay us. Funding is subject to underwriting approval.
What we review
- The third-party defendant and its insurance
- The workers' compensation lien
- Liability facts from reports and witnesses
- The extent of your injuries and future care
- Your attorney's case assessment
Workers' Compensation Third-Party Claims: common questions
Does the comp lien affect my funding?
It can. We look at the full picture, including liens, so that any funding stays sensible compared to your likely net recovery.
Can I still receive comp benefits if I take funding?
Funding is based on your third-party lawsuit and is separate from comp. Talk to your attorney about any effect on your benefits.
What if my case goes to trial?
Trials can take longer. Because funding is non-recourse, you owe nothing if the case does not result in a recovery.
See if your case qualifies
Non-recourse funding. No credit check. You repay only if you win.