Workers' Compensation Self-Insurance Trust
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.