According to the Bureau of Labor Statistics (BLS) nearly three out of every 1,000 full-time workers in the United States sustained workplace injuries in 2018. The BLS data for 2018 also indicated that the healthcare and social assistance professions accounted for the most non-fatal workplace injuries in the private sector.The retail trade accounted for the second-most, and manufacturing professions rounded out the top three.

As long as their employers carry the applicable insurance, employees who are injured on the job or suffer work-related illnesses can make worker’s compensation claims. Successful claimants usually get cash benefits and medical care.

In some situations, however, it may take some time for an injured party to receive their workers’ compensation settlement, making it difficult to cover routine expenses and other costs. Luckily, there are options to help. One is workers compensation settlement funding. Funding companies provide this type of financial relief to injured workers who need help getting by until their claims are resolved.

This may be an option for you if you were hurt on the job, hired a lawyer to represent you in a workers compensation case and need financial assistance. Keep reading to learn more.

How to Get Workers Compensation Funding

Do you have a pending workers compensation case? If so, you may be eligible for legal funding from Oasis Financial. Applying is easy and our service is obligation-free. If you reside in a state where legal funding is available for workers comp claims, you could receive between $500 and $100,000 to cover your household bills and ongoing medical costs.

One of the hardest parts about getting a traditional workmans comp loan is the approval process. At Oasis, we believe everyone should have access to funding when they need it most. With no reliance on your credit score, your application depends on the strength of your case. Our team of experts will collaborate with your attorney to determine whether your case qualifies for funding.

Follow these steps to request workers compensation funding.

Step One – Submit Your Application Forms

Fund your workers compensation case by filling out an application form. Like most organizations offering these services, you can submit your application online from the comfort of your own home. Note that by sending an application form, you’re not required to accept our offer of funding if approved. Circumstances change, and you may decide that you no longer require pre-settlement funding.

To take advantage of this service, we will need the following information:

  • Your name
  • Contact details
  • Name of your chosen law firm
  • Name of your attorney
  • Your law firm’s phone number

Ensure you have already informed your attorney that you wish to take out workers compensation funding before sending your application. Our team will need your lawyer’s approval to access critical documents during our review process. Your lawyer is free to share this information to help us review your application, but they will need your permission first.

Step Two – Wait for Oasis Financial to Review Your Application

As an employee, workers compensation coverage enables you to claim reimbursement if you’re injured at work, but cases can easily take months or even years. We go the extra mile to provide workers compensation funding when you need it, leaving no stone unturned during our review.

Based on information shared by you and your attorney, we will go through your case details to evaluate your chances of success and the potential settlement value of your case. The only requirement is that your case must be active, and there must be enough supporting documentation to determine the likelihood of winning your case.

The time it takes to review your case depends on your circumstances. Typically, this is the longest part of the workers compensation funding process, but our team will keep you updated on the status of your application.

Step Three – Receive Your Funding

Your employer may only provide you with limited sickness or injury pay while you cannot work. W  The only limitation is that you cannot use the funds to pay for your workers comp claim.

Once approved, you’ll receive a tailored amount from our team, which you can accept or reject. If you choose to accept, we’ll deposit your money, with most applicants receiving their funds in as little as 24 hours.

Step Four – Pay Your Bills, Cover Your Medical Costs

After receiving your funds, you’re not restricted in how you spend your money. Many of our clients use their pre-settlement funding for workers compensation cases to cover their medical bills. Others opt to pay for ongoing rehabilitation to prepare them to return to the workplace.                                                                                                                 

Remember, you only need to repay the money if you win your case. The outstanding amount will be written off if you lose your case.

Oasis provides pre-settlement funding, also known as consumer litigation funding, to its customers through different products depending on their state of residence or cause of action. Many consumers will be provided pre-settlement funding in the form of a purchase agreement, which assigns a portion of the pending proceeds from their legal claim. Other consumers, such as those in SC and CO will be offered a funding in the form of a pre-settlement loan, sometimes referred to as a lawsuit loan. These transactions have important differences, therefore, consumers should carefully review and be aware of the type of transaction that is offered to them by any funding company.


Are you involved in a workers’ compensation claim and need help with pre-settlement funding? Oasis is here to help!

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How does workers compensation settlement funding work?

To get this type of financial relief, you must be a claimant with a pending workers compensation case and you must have legal representation. If you meet these criteria, you can submit an application to a workers compensation funding company. The company will assess several aspects of your case including how badly you were hurt and the type of treatment needed. Based on its findings, the company will provide the cash you need to get by. When your claim is resolved, you then will repay that amount, plus any applicable fees or other charges from your final settlement.

Where is this available?

Unfortunately, workers compensation settlement funding is not available in all 50 states. The funding company you are applying with can advise if it is possible in your state.

What can I use the funds for?

In most cases, people who apply for this type of funding use the money to help them meet routine financial obligations. Examples generally include rent, mortgages, car payments, car insurance, utilities and so forth.

How much can I expect to get?

This will depend on the specific circumstances of your case and the results of the funding company’s assessment. Amounts may range from $500 to $100,000.

Are there any restrictions on which workers can apply?

No. This type of financial relief is available to all eligible workers in states where it is permitted. This means it may be a viable option for you if you were injured while working in one of the following industries, among others:

  • Construction
  • Hospitality
  • Shipping or distribution
  • Security
  • Grocery stores/supermarkets
  • Trucking
  • Retail
  • Factories
  • Manufacturing
  • Agriculture
  • Food services/restaurants

What are qualifying injuries?

You may receive workers compensation settlement funding if you sustained any of the following:

  • Head injuries such as concussions, traumatic brain injury and so on
  • Fractures
  • Injuries from a fall or being struck by an object
  • Injuries caused by equipment malfunctions
  • Back, neck and joint injuries
  • Vision or hearing loss
  • Breathing difficulties
  • And more…

What about other soft tissue injuries?

There are no restrictions on the types of injuries a workers compensation settlement funding company can consider. This means you can get funding even if you didn’t sustain trauma requiring surgery. It also means that you may receive funding for soft tissue injuries including but not limited to whiplash.

What are the advantages of workers compensation settlement funding?

There are several benefits of this type of funding. First, it is a quick and fairly simple way to get financial relief while your workers compensation case is pending. It is different from a traditional loan because there are no job requirements and credit score is not a factor.

What are the disadvantages of workers compensation settlement funding?

Applicants must be extremely selective about the funding companies they apply with. Failure to do so may result in unpleasant surprises in the form of exorbitant fees and other charges applied by unscrupulous providers. These costs are added to the original funding amount. This means the applicant may end up having much more paid from their final workers compensation award than they initially anticipated. Aside from that, the longer a case takes to resolve , the more the applicant will owe once it is finalized. On average it can take 1.5 to 2 years for a workers compensation case involving litigation to be resolved.

Experts generally recommend that you do not pursue this option if you have other means of financial relief. These may include traditional loans, personal loans from family or friends, home equity loans, or other disability benefits.

That being stated, if you have weighed all of your options – or if you feel you have no other options, we are here to help. As long as you are eligible for funding, you can simply apply through our website or give us a call to get the relief you need.

Workers Compensation Pre-Settlement Funding with Oasis Financial

Many traditional workers compensation loans have strict conditions for approval and high interest rates. At Oasis Financial, we aim to improve accessibility to pre-settlement funding for all.

Our team will support you every step of the way in completing and reviewing your application. Over the years, we have developed a reputation for quality, reliability, and trustworthiness. To date, we have supported more than 250,000 people just like you in getting funding during their workers compensation cases.

We have been awarded an A+ rating from the Better Business Bureau and a four-star rating on TrustPilot. As an industry leader, our workers comp funding options give you access to reliable funding without the hassle.

Better days start today, so stop your search and contact Oasis now!

Workers Comp Funding FAQs

Navigating the complex lending market for workers compensation settlement loans is challenging when recovering from a workplace injury. Here’s everything you need to know about the ins and outs of pre-settlement funding for your workers comp case.

What if my attorney advises against pre-settlement funding?

Pre-settlement funding is helpful for people who cannot work and rely on various forms of assistance to pay their bills. The primary reason attorneys tend to advise their clients against these funding options is that they do not want to hand over any control of the case to a third party. Since your lender will need to view key documents to assess your case, many lawyers are hesitant to do this.

However, your lawyer cannot stop you from applying for this type of funding. Explain to your attorney that you require funding to cover your bills and need them to work with your preferred lender.

I was rejected for workers compensation funding. What can I do?

First, analyze the reasons why your application was rejected. The most common reasons why applications are rejected include the following:

  • The applicant had yet to hire an attorney
  • Liability was not yet proven in the case

Workers comp cases are complex. The average length of a workers comp case is 16 months, which is considerably longer than a typical personal injury lawsuit. It may take time to prove liability, which is why many applicants reapply when their lawyer has obtained the necessary evidence.

There are no restrictions on reapplying. We will take another look at your case and review any updates. Your application will be reviewed without prejudice, giving you a fair chance of having your subsequent pre-settlement funding application accepted.

Can I apply for a workers compensation settlement loan from my bank?

Non-recourse lending is one of the riskiest financial products for traditional lenders because if your case doesn’t go your way, your lender has no right to pursue you for any funds. Banks typically have stricter underwriting requirements, meaning you’ll need to provide a credit score, proof of income, and the ability to repay to get approved. Traditional loans on settlements for workers comp cases require you to begin making repayments immediately, and if you don’t have a steady income due to your injuries, your bank will reject your application.

Oasis Financial offers non-recourse lending, meaning you won’t be obligated to make payments unless you win your case.

Why do I need an attorney to apply for workers compensation funding?

Workers compensation coverage enables you to receive compensation if you sustain a workplace injury. As an applicant for pre-settlement funding, you must already have an attorney before applying. First of all, it’s statistically more likely that you will win your case if you have an attorney representing you. Since most claims are contested, having a strong knowledge of workers comp law and experience fighting these cases will drastically increase your chances of winning.

Moreover, avoiding a lowball offer is tough even if you win your case. Many insurers will offer lower-than-expected amounts when they know you’re facing financial hardship to get them to take less. Experienced attorneys defend you from these manipulative practices and can increase your settlement amount by up to 40%.

Do you get involved in my legal case?

Absolutely not. The terms of pre-settlement funding entitle a lender to supply a pre-agreed financial amount to the plaintiff. Once approved for funding, you, your attorney, and your lender will sign a document providing the lender with the right to be repaid out of the final settlement amount. Your lender gains no rights to control, manage, or provide input on the legal proceedings of your workers comp case.

Can my settlement funding for workers comp be used to pay my attorney?

Most of our customers already have an attorney on a contingent basis before they apply, meaning their attorney only gets paid if they win the case. Contingent attorneys enable you to get experienced legal representation without spending thousands of dollars out-of-pocket. Due to the requirement to already have an attorney in advance, you cannot use pre-settlement funding as a condition for paying your attorney.

To use your funding for a non-contingent attorney, you will need to have a legal fund to pay your attorney initially, which you can then resupply using your approved funds. Other than the need to already have an attorney, no restrictions exist on how you can spend your funding.

Oasis provides pre-settlement funding, also known as consumer litigation funding, to its customers through different products depending on their state of residence or cause of action. Many consumers will be provided pre-settlement funding in the form of a purchase agreement, which assigns a portion of the pending proceeds from their legal claim.  Other consumers, such as those in CO, IL, MN, MO, SC, WI and some OK residents, will be offered a funding in the form of a pre-settlement loan, sometimes referred to as a lawsuit loan. These transactions have important differences, therefore, consumers should carefully review and be aware of the type of transaction that is offered to them by any funding company.