How to Pay Bills After a Work Accident

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To pay bills after a work-related accident, use disability insurance to continue receiving a pay check, and use any settlement money that may come into play for maintaining everyday bills and expenses. Continue paying bills even after a work accident with information from a registered financial consultant in this free video on personal finance.

Part of the Video Series: Personal Financial Advice
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Video Transcript

This is financial advisor, Patrick Munro, talking about how to pay bills after a work accident. If it's unfortunate that you have had a work accident we hope you have disability insurance. Disability insurance is a form of income protection, and it covers you for a work related accident, which means that once you show medically that you are unable to perform your duties at work, and in fact, you are on disability, then of course, your money will come in to pay your bills. Make sure that your bills are kept at a pre-disability level, at a low enough level so that you can cover that particular risk. Also, if the injury is significant enough make sure you retain a legal attorney to make sure that he is going to go after the perpetrator of the work accident if it wasn't you; could be your employer, and there will be a settlement forthcoming. That settlement would be a lump sum, and it would help to pay any particular prevailing bills that are a result of your work accident. If you also work with your creditors and tell them that you've had a work accident, and you can dem demonstrate that you have they will work with you with favorable credit terms. This is financial advisor, Patrick Munro, talking about how to pay bills after a work related accident.

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