04262018CM0454To encourage a more competitive market and potentially lower costs for employers, State Senator Daniel Biss again took up legislation to create a non-profit worker’s compensation insurance company.

The proposed Illinois Employers Mutual Insurance Company would be a nonprofit, independent public corporation that would insure Illinois employers against liability for workers' compensation and occupational disease.

This company would not be a state agency and would only receive a starting loan of $10 million from the Illinois Workers' Compensation Commission Operations Fund, which it would pay back with interest over five years.

The legislation, House Bill 4595, mirrors a similar provision Biss sponsored which was vetoed by Governor Rauner.

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