Workers' Compensation Self-Insurance Trust (WCSIT)
At the very heart of the program, WCSIT's workers’ compensation coverage is competitively priced, and includes $2,000,000 coverage for employer’s liability, a higher limit than that provided by WCSIT's competition.
- Over $21 million in payments back to members
- Approximately $200 million in claims paid
- Approximately $20 million in current assets
WCSIT was organized February 1, 1982, under the Illinois statute that permits public entities to organize risk sharing pools. Formed and sponsored by the Illinois Association of School Boards (IASB), WCSIT started with 62 Illinois school district members in its first year. In 1985, The Sandner Group - Insurance Program Managers became the plan administrator. Under its guidance, WCSIT has grown to become the largest and most successful self-insurance pool for school districts’ workers’ compensation in the state of Illinois.
In this competitive market, school districts need to carefully choose their workers’ compensation insurance provider. With its competitive pricing, financial stability, comprehensive loss control program, and strong reputation,WCSIT has been the preferred choice of Illinois school districts for many years. With WCSIT on your side, controlling the costs for workers’ compensation coverage has never been easier.
ISDA (Illinois School District Agency)
In 1986, the Illinois School District Agency (ISDA) was established to help combat the high cost of traditional property/casualty insurance. Today, the ISDA provides competitively priced property/casualty coverage to over 130 school districts across the state.
Broad, reliable and competitively priced property/casualty coverage is the foundation of the ISDA program. The ISDA comprehensive package includes property, general liability, SBLL, automobile, equipment breakdown, and umbrella coverage protection. The coverage offered through the ISDA is regularly updated and tailored to meet the needs of public school districts. Over the years, the coverage package has grown to include catastrophic property exposures, liabilities arising from advances in technology, as well as coverages to meet the needs of special education. In addition, ISDA provides the highest limits available to Illinois public schools for abuse and molestation claims.
ISDA was founded to address the specific property/casualty coverage needs of Illinois school districts. Sponsored by the Illinois Association of School Boards (IASB), ISDA started out with 17 Illinois school district members and $854,000 in contributions. Under the program administration of The Sandner Group - Insurance Program Managers and its staff of industry professionals, ISDA has continued to grow and increase its level of service to member districts. Through the years, ISDA has provided Illinois school districts with dependable service in conjunction with broad, reliable and competitively priced property/casualty coverage.
Student Accident Coverage
ISDA is always looking for new ways to help its member districts. The Student Accident Coverage program will help defray medical costs for students injured while attending regular school sessions, while traveling to and from school, and while participating in most school-sanctioned activities. This coverage provides a limit of $5,000,000 and is a way for ISDA to help member school districts show their community they care about students injured during school activities. The Student Accident program enables school districts to comply with 105 ILCS 5/22-15 "Insurance on Athletes."
Approximately 80% of member districts take advantage of ISDA’s low-cost property appraisal service. ISDA’s loss control staff conducts appraisals on-site, and provides members with an accurate value of school property to ensure that the school is purchasing the appropriate amount of coverage. Using the sophisticated computerized Marshall Swift/Boeckh system, ISDA’s loss control staff provides the initial appraisal, and then conducts yearly updates as well as additional field work as needed.