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Illinois Workers Comp Insurance

With limited exceptions, every employer in Illinois with one or more employee(s) is required by law to have a valid workers' compensation policy at all times. This "no fault" insurance not only provides injured workers with medical care and partial wage replacement, but also protects the policyholders from potentially damaging lawsuits. Although most companies in IL purchase a traditional commercial insurance policy, there are alternative methods of coverage which include licensing as a self insurer, gaining membership in a self insurance group, or obtaining coverage in the Assigned Risk Pool.

IL Workers Comp Insurance Specific Regulations

    • Any employees working In Illinois must be covered
    • If you work for someone else you will not be covered by their insurance policy unless you are an employee. This requires independent contractors to have their own workman’s compensation insurance
    • Illinois offers a private market and offers an assigned risk pool to help businesses struggling to secure coverage
    • Sole proprietors, partners, members of LLCs in Illinois are excluded from coverage, but have the option to opt in
    • Corporate officers in Illinois are in included in coverage in Illinois, but can opt out
    • Construction companies and other extra hazardous businesses must have coverage

IL Workmans Comp Quote Checklist

You'll Need This Information On Hand to Get a Workmans Comp Quote

Your Name and Contact Information
Business Name
Number of Locations
Number of Employees by Location
Annual Payroll by Location
Type of Business Entity

(partnership, LLC, corporation, etc.)

Social Security Number or FEIN of Business Owner
Recent Claims History