Jones Act and Maritime Lawsuit Pre-Settlement Funding

If you have a pending Jones Act claim and need immediate financial assistance, pre-settlement funding can help.

A maritime cargo ship filled with containers sailing on the oceanThe Jones Act, also known as the Merchant Marine Act of 1920, is a significant piece of legislation in the United States governing maritime commerce and shipping. Beyond its economic and security implications, the Jones Act mandates safe working conditions for maritime workers and provides avenues for compensation if injuries occur due to negligence aboard vessels.  

However, navigating a Jones Act claim can be fraught with challenges. Employers may prolong litigation, leaving injured seamen or mariners without income and in need of funds for recovery or living expenses. Jones Act maritime lawsuit pre-settlement funding or maritime settlement funding steps in to provide crucial financial support during this waiting period. 

This funding option helps bridge the gap, offering immediate financial assistance until a settlement is reached, ensuring injured workers can focus on recovery without financial strain. Since pre-settlement funding is contingent on the outcome of your case, you do not bear the financial risk associated with traditional loans—we take on the risk. So, if you don’t win your case, you owe us nothing.  

What Qualifies as Accidents Involving Maritime Law & Jones Act

Under the Jones Act, a wide range of incidents can qualify for compensation, including: 

  • Incidents where a seaman slips, trips, or falls on the deck or other parts of the vessel due to wet, uneven, or slippery surfaces. 
  • Accidents caused by malfunctioning or poorly maintained machinery, such as winches, cranes, or engines. 
  • Falling overboard due to lack of proper safety measures or failure to provide appropriate training. 
  • Injuries from fires or explosions due to improper storage of flammable materials, faulty equipment, or lack of safety protocols. 
  • Accidents resulting from collisions with other vessels or objects, or the grounding of the ship. 
  • Health issues or injuries caused by exposure to hazardous chemicals or substances without proper protective measures. 
  • Injuries sustained while performing underwater ship repairs or maintenance.  

These examples highlight the diverse range of incidents that can fall under the purview of the Jones Act. Injured seamen or mariners can recover broader damages under the Jones Act than under most state workers’ compensation laws, including special damages for medical care, lost income, out-of-pocket expenses, and lost room and board. General damages for pain and suffering, mental anguish, and future medical expenses and lost earnings can also be recovered. 

Is Credit Score a Factor with Pre-Settlement Funding?

When applying for pre-settlement funding for a Jones Act claim, your credit score is not a factor in the approval process. Instead, the funding decision is based entirely on the strength and merits of your legal case. This means your credit history, whether good or bad, does not impact your eligibility for funding. By focusing exclusively on your case details, the application process is expedited, enabling you to obtain financial support promptly without undergoing a credit check. 

Advantages of Pre-Settlement Funding for Maritime Law & Jones Act Claims

  • Two men working on the deck of an oil tanker at seaThe funds from pre-settlement funding are immediately available and versatile, allowing you to swiftly cover a wide range of expenses related to your injury and legal case. This includes crucial needs such as medical treatments, rehabilitation expenses, therapy sessions, medications, and other essential costs. Additionally, you can use these funds to maintain your everyday living standards, covering expenses like rent, utilities, groceries, and transportation without delay.  
  • As we noted briefly above, one of the most significant advantages of pre-settlement funding is its non-recourse nature. Meaning, if your Jones Act case does not result in a favorable outcome or settlement, you are not required to repay the funding you received. The financial risk is entirely borne by the funding company, not you. This provides you with a safety net, allowing you to focus on your recovery and legal battle without the added stress of financial repayment looming over you in the event of an unsuccessful case.  
  • With the immediate financial burden lifted, your attorney can thoroughly prepare your case, gather necessary evidence, and negotiate from a position of strength. This ensures you have the time and resources to pursue the maximum compensation possible, avoiding the need to accept an insufficient settlement due to pressing financial needs. Instead, you can aim for a fair and just resolution that truly reflects the extent of your injuries and losses. 

Get the Resources You Need. Apply for Legal Funding Today

Lawsuits can take months or even years to resolve, and having a stable financial foundation is essential to overcoming this difficult time. Our application process is free, with no hidden fees or charges. If you have any questions, our team is here to help.   

Contact Mustang Funding to learn more about how personal injury pre-settlement lawsuit funding can help you get the financial support you need right now, or you can apply by filling out the form below. 

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