Company Profile
State Compensation Insurance Fund
Company Overview
Established in 1914 by the state legislature State Fund has operated for 100 years, is California’s largest provider of workers’ compensation insurance, and a vital asset to California businesses. State Fund supports California’s entrepreneurial spirit and plays a stabilizing role in the economy by providing fairly priced workers’ compensation insurance, making California workplaces safe, and restoring injured workers.
State Fund offers diverse and comprehensive products and services that provide a strong and stable option for employers and injured employees with fast, reliable claims service and medical and indemnity benefits. State Fund’s accident prevention services and return to work programs—provided to policyholders at no additional cost—ultimately help save businesses money.
With approximately 130,000 policyholders, more than $1.2 billion in premium, and nearly $20 billion in assets, Californians rely on the security and certainty offered by State Fund to the state’s employers, particularly the small businesses and new ventures that are key to California’s economic recovery.
Our Vision, Values, and Purpose:
VISION
To be recognized as the industry leader and best value in California
VALUES
• Honesty
• Integrity
• Accountability
• Adaptability
• Collaboration
PURPOSE
State Fund's purpose is to provide fairly priced workers' compensation insurance, make workplaces safe, and restore injured workers.
Company History
Who we are
•Established in 1914 by the state legislature, State Fund is California’s largest provider of workers’ compensation insurance and a vital asset to California businesses.
•With approximately 130,000 policyholders, just over $1 billion in premium, and nearly $20 billion in net admitted assets, State Fund is a necessary, competitive force in California’s economy.
•Completely self supporting, State Fund plays a stabilizing role in California’s economy by maintaining an open door policy that ensures that all employers have a strong and stable option for their workers’ compensation needs.
What we do
•We provide dependable workers’ compensation coverage to California employers, both large and small, and direct medical treatment and indemnity benefits to California’s injured workers.
•We service our policyholders through our seasoned claims adjusters, professional loss control representatives, industrial hygienists, and ergonomics specialists located throughout the state.
•Our employees provide full services for employers and their injured workers and work to keep costs down.
• We ensure our policyholders get maximum value for their workers' compensation dollar through customized loss control services, medical cost management, and anti-fraud efforts
Who we serve
•We serve all Californians, and we are the only workers’ compensation provider with a commitment to providing workers’ compensation insurance to all California businesses, from the smallest start-up to the largest operations.
•More than 200 employer associations offer endorsed State Fund group insurance programs.
How we serve
•State Fund has become a model for the industry and other states by stressing stability, offering coverage at cost, and providing required benefits promptly and fairly.
•We are California based, and unlike most national carriers, we maintain regional offices across the state.