CALIFORNIA WORKER COMPENSATION ADVANCES

Global Financial offers cash advancements to injured workers in California who have a valid worker compensation claim and who are awaiting their final settlement amount. We advance a portion of the money that we expect the worker to receive after attorney's fees and statutory liens are deducted. The worker and his/her lawyer must fully execute a Green Lien to secure our financial repayment upon the lump settlement in the claim.

Global charges a flat fee on California Worker Compensation advances and the fees vary depending on the projected length of time that the case may take to settle out with a lump sum payment. There is no application fee if the worker compensation claim is lost for any reason then the worker is not obligated to repay the advance. Although many people refer to our services as worker compensation loans, they are not loans but rather cash advances against the ultimate lump sum settlement. You are actually selling us a portion of your potential proceeds from the settlement proceeds of the worker compensation claim.

Worker Compensation claims in California have taken on different transitions with new legislation over the years. There were reforms in 1990, 1994 and in early 1998 there was a rating change. A rating is given to each and every worker that is injured on the job and has an accepted worker compensation claim. The PPI or partial permanent impairment rating is given by a doctor for the worker compensation insurance carrier and by a doctor chosen by the worker. Those two doctors will need to agree on a PPI rating before the case can settle. If the first doctor gives a whole body PPI rating of 12% and the second doctor gives a rating of 20% then they might agree on 15% as a compromise. In 2003 there was another large reform which complicated the process and evaluation of a Californian worker compensation claim.

In addition to being issued a PPI rating, each worker will be issued a benefit rating which is related to their income when they were injured. For instance a worker that is being paid the minimum wage a McDonald's would receive a lower benefit rating than a worker making $12 per hour in department store. The benefit rating is also related to the amount that the worker receives while he/she is out of work trying to recover. The agree on a final lump sum settlement which will end the worker compensation claim in California, the Whole Person PPI rating will be calculated along with the benefit rating to determine the final amount that should be paid to the worker to close out the claim.

You can Apply online or call 866-709-1100 for more information or to apply by phone. We can usually get workers in California approved for cash advances within 48 hours after receiving the supporting documentation. We will request these documents directly from you lawyer.

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California worker compensation laws are designed to help workers that are injured on the job receive weekly benefit checks and ultimately a final lump sum settlement. Unfortunately the weekly benefit checks are not equal to the income that the worker was previously receiving before their injury and the worker compensation insurance carrier can deny the worker compensation claim and pay no benefits. Worker compensation benefits in California include medical bills, weekly benefit checks & a lump sum settlement.

Global Financial understands the newest California worker compensation laws which were change in 2004 by Arnold Schwarzenegger. Mr.
Schwarzenegger help to implement new worker compensation laws in California that reduced the monetary benefits that injured workers in California receive form their employer's worker compensation carriers.

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