Jones Act Lawsuit Loans

How To Get Pre-Settlement Funding For
Maritime Injuries

When it involves marine accidents and injuries, the Jones Act serves an important role in preserving seamen’s liberties. Obtaining legal representation and financial assistance is critical in such instances. However, legal proceedings may be time-consuming and costly, placing injured seafarers in an untenable scenario. This is where Jones Act’s legal financing may help significantly by offering stability in finances throughout the lawsuit process.

Mayfair Legal Funding, LLC,. provides non-recourse cash advances, all references to the word loan and or loans are for marketing purposes only. Mayfair Legal Funding, LLC., provides non-recourse cash advances, structured as a purchase of an equitable lien in a potential settlement of a claim. Mayfair Legal Funding, LLC., does not provide nor offer loans and or lending services.

Jones Act FAQ’s

Jones Act legal funds are a sort of legal funding that is especially meant for seafarers who have been injured whilst aboard a Jones Act-covered vessel. It provides financial aid to injured seafarers by distributing a percentage of their expected compensation or verdict prior to the conclusion of their case. The funding assists in the payment of urgent needs including healthcare costs, living expenses, and other financial commitments that may emerge throughout the lawsuit process.

In the Jones Act, the phrase “seaman” refers to any mariner or worker who spends a major portion of his or her time aboard a vessel, or any type of ship or vessel. These employees comprise any individual from a crew member to a captain, along with anyone in between who serves on a cruise ship, shipbuilders and boat repair employees, and the Merchant Marine. The ones that follow are also covered pursuant to the Jones Act for protection:

Engineers, divers, physicians, dredge workers, firemen, fishers, cabin boys, muleteers, entertainers, pilots, pursers, radio operators, harpooners, horsemen, interpreters, masons, seal hunters, surveyors, stewards, and servers.

There are a few prevalent misconceptions about Jones Act’s legal funding that need to be addressed. One common misperception is that receiving funds will have a detrimental influence on the case’s result. Legal financing, on the contrary, is non-recourse, which implies that payback is made only if the lawsuit is successful. Another common myth is that the application procedure is time-consuming and complex. In actuality, credible legal funding providers seek to make the procedure as simple as possible and to send cash as swiftly as possible.

If the lawsuit is lost and no settlement or verdict is achieved, you are usually not required to reimburse the financing amount. Because Jones Act’s legal financing is non-recourse, reimbursement is reliant on a favorable outcome. Because of this, if you lose your lawsuit, you are often not obligated to reimburse the funds.

Legal funding under the Jones Act is not considered a loan. It is a non-recourse financial agreement in which the source of funding acquires a portion of the injured seaman’s future payout or settlement. Repayment is conditional on the case being successfully resolved; if the case is not fruitful, the funding provider takes the loss.

The Jones Act includes restrictions requiring all vessels in the United States and in the coastal waters to abide by American laws. It also promotes more secure and efficient marine work environments by holding businesses liable when employees get hurt or killed.

Helping to maintain the United States marine sector secure, productive, and thriving benefits the military since it may be relied upon when needed. If conflict breaks out, the military must be capable of counting on ships, terminals, ports, and other technology located throughout the United States. The United States Navy, particularly, relies on a well-equipped private marine industry during times of conflict.

Yes, it is strongly advised that you include your lawyer in the Jones Act legal financing procedure. They may advise you and analyze the terms of the financing arrangement to guarantee they are in your greatest interests. Your lawyer can also collaborate extensively with the funding source to ensure a smooth procedure and to handle any legal problems.

Recognizing the Need for Legal Funding

Suffering a maritime injury may result in devastating repercussions. Medical bills, lost wages, and continued therapy can swiftly drain a person’s financial resources. Furthermore, the period it takes to conclude a marine damage claim might take months or years to complete. Access to Jones Act legal funds becomes critical in such cases to fill the financial gap and guarantee that mariners can afford adequate assistance and protection.

The Benefits of Jones Act Legal Funding

Obtaining Jones Act’s legal financing can provide injured mariners with lots of substantial benefits. For starters, it delivers crucial financial assistance, guaranteeing seafarers can cover medical treatments, rehabilitation, and day-to-day expenditures. This minimizes the need to accept a reduced pay package owing to financial constraints. Furthermore, it allows sailors to concentrate on their rehabilitation and case preparation without having to fret about money.

Seeking a Reputable Jones Act Legal
Funding Provider

To guarantee an efficient and transparent procedure, it is critical to identify a reliable Jones Act legal funding provider, such as Mayfair Legal Funding. Examine a provider’s experience managing marine matters as well as their history of successful financing outcomes when looking for one. Seek out firms who specialize in Jones Act legal funding and have a solid reputation in the field. Reading reviews and comments from prior customers can also give useful information about their dependability and competence.

How to Prepare for a Jones Act Case

Do everything you can to prepare your case when you recuperate from your job-related injuries before filing a Jones Act lawsuit. Even if you believe you can manage this problem, avoid jumping into anything when you are on medicine and/or aren’t functioning properly. Utilize your recuperation time to arrange all of the documentation you will require.

The compilation of important documents comprises incident reports submitted by yourself and your employer, ship logs, and details of all medical treatment you got pursuant to the admiralty law’s “maintenance and care” clause. Avoid giving any remarks to agents of the defendant’s insurance provider without first consulting with a maritime law attorney.


Obtain Your Jones Act Legal Funding From Mayfair Today

Jones Act legal aid provides injured seafarers with crucial financial assistance during the lawsuit process. It bridges the financial gap, ensuring that mariners may receive essential medical care, pay daily living costs, and support their families whilst awaiting a settlement or judgment. To arrive at an informed choice about Jones Act legal funding, find a reliable provider and thoroughly research the terms and conditions.

Lawsuits Under the Jones Act

The Jones Act, also known as the Merchant Marine Act of 1920, is a federal statute that permits sailors to bring claims against their employers for injuries sustained on the job arising from the negligence of vessel owners, businesses, shipmasters, or other crew members. The Jones Act was modeled after the Federal Employers Liability Act (FELA) of 1908, which protects railroad workers; it was modified to meet the demands of marine workers. Congress passed the measure because conventional workers’ compensation regulations aren’t relevant to seafarers.

Unlike regulations that govern responsibility and negligence for non-maritime employees, the Jones Act makes it relatively simple for eligible seamen to sue their employers if they are injured while on duty on a vessel owned and operated by Americans.

Statute of Limitations for Jones Act

Although it is not obligatory to submit a Jones Act complaint right away, you should not wait too long after the accident and submit a claim in court. A Jones Act claim has a three-year statute of limitations. It is critical that you start the procedure promptly as you have physically and psychologically recovered from your injuries. The Jones Act is more focused on workers than other workers’ compensation statutes, yet maritime regulations are sometimes intricate and can take years to conclude in some circumstances.

Considerations When Selecting a Legal
Funding Provider

Several things should be considered when selecting a Jones Act legal financing source. Examine the interest rates and costs linked with the funding first. While these fees are often greater than those of traditional loans, it is critical to choose a provider with transparent and equitable conditions. Consider the provider’s timeliness, customer service, and capacity to accelerate the funding procedure with the goal to fulfill your urgent financial demands.

What to Expect If You Win Your Jones
Act Case

Although each Jones Act action is distinctive and each judgment varies, you may typically anticipate remuneration for the following:

  • Income loss if the employer is determined to be partial to fault
  • Healthcare costs, such as surgery, rehabilitation, medical supplies, medicine, and other services
  • Permanent disfigurement (if relevant), such as hearing loss, vision loss, and/or limb loss
  • Trauma, both mental and emotional
  • Lost profits capacity
  • Economic loss in the past and in the future
  • Suffering and physical pain
  • Loss of capacity for enjoying life and/or do regular tasks achieved prior to the incident

However, bear in your mind that the sum of the settlement will vary depending on the circumstances of each scenario.

For further details about Jones Act legal funding, please fill out our form and receive a no-charge legal consultation regarding your case. Call Mayfair at (888) 357-1338 today to find out more about your legal entitlements and alternatives.