State Fund
PaidState-operated workers comp fund offering coverage of last resort for high-risk employers
🏗️ConstructionAbout State Fund
State Funds (such as California's State Compensation Insurance Fund and similar entities in other states) are government-operated workers compensation insurers that provide coverage to employers who cannot obtain insurance in the private market. They serve as insurers of last resort for high-risk businesses and are required by law to accept all eligible employers in their state.
What's Great
- ✓Required to accept all eligible employers — insurer of last resort for high-risk businesses
- ✓Government-operated with transparent and regulated rate structures
- ✓Available to employers who have been declined by private market carriers
- ✓Safety and loss prevention resources often included for policyholders
Watch Out For
- !Premiums are often higher than private market alternatives for standard risks
- !Government bureaucracy can mean slower claims processing and service
- !Less flexibility in policy terms and premium payment options
Common Use Cases
High-risk business that has been declined by multiple private workers comp carriers
New construction company unable to obtain private market coverage due to no claims history
Employer needing workers comp coverage immediately when no private options are available
Pricing Model
Paid
Paid subscription required. Check the website for current pricing and free trials.
Category
Construction
Specialized coverage for high-risk construction trades, contractors, and job site workers.
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