The #1 Source For Public Entity Protection in Illinois

The Illinois Public Risk Fund (IPRF) is Illinois' largest self-insured pool for workers compensation coverage. IPRF currently serves over 500 public entities and governmental agencies throughout Illinois. These participating public entities have pooled their workers compensation exposures and controlled costs through a unified loss prevention and claims management program.

• A Board of Trustees elected by Fund participants oversees the operation of the Fund and governs it in accordance with State of Illinois rules and guidelines.
• In contrast to large insurance companies, 80% of each IPRF premium dollar is added to the loss fund while 20% is allocated to the purchase of excess insurance and administration costs.

Member Entities Share in the Savings...

As a self-insured pool, all investment earnings accrue to the fund. Profits are based on the underwriting surplus realized by the group and members share in this surplus based upon individual and overall member claims experience.

To Qualify for IPRF...

Click to view Governmental Agencies Eligible for IPRF

In order to qualify for participation in the Illinois Public Risk Fund, the applicant must:

• Be a public entity or governmental agency located within the State of Illinois
• Demonstrate a commitment to meet loss control and claims management standards established by the fund
• Have favorable loss experience and be approved by the Board of Trustees of the Fund

Interest Free Premium Financing is Available to Participating Public Entities