Naperville Workers' Compensation Insurance

Complete Guide to Naperville, IL Workers' Compensation Insurance

(Find the right workers' compensation insurance policy for you.)

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As part of the Illinois Technology and Research Corridor, the city of Naperville is home to many jobs in the professional, scientific and technical services industry. If you own a business in this or any other industry, you are responsible for covering any injuries or occupational illnesses your employees may suffer while doing their jobs. Workers’ compensation insurance provides this coverage.

Independent insurance agents can shop around to help you find the best and most affordable workers’ compensation policy to cover your Naperville business. Find an insurance agent near you to learn more.

Is Workers’ Compensation Insurance Required in Naperville?

All businesses in Naperville are required to comply with the Illinois employment laws.  This state mandates that all employers must carry workers' compensation insurance, even if they only have a single part-time worker.

There are a few exceptions. It is not necessary to have coverage if you are self-employed. It is also not required that you cover family members who meet one or more of the following criteria:

  • They are corporate officers.
  • They work for a small agricultural business.
  • They are immediate family members who live in the employer’s household.

All employees who work in hazardous jobs like roofing, trucking, or construction must be covered, even if they meet the guidelines for coverage exceptions. This insurance can be purchased through a commercial provider. With approval, your company may opt to self-insure, but more than 90% of Illinois businesses opt to purchase workers’ compensation insurance.

Knowingly and willingly failing to carry required workers’ compensation is a Class 4 felony in this state. It can result in a fine of $500 for each day not covered (with a minimum fine of $10,000) as well as jail time for corporate officers. If in doubt about whether you need to have this coverage, you can consult with a local independent insurance agent.

How Much Does Workers’ Compensation Insurance Cost in Naperville?

From nurses at Edward Hospital to technicians at Bell Labs, there are many workers representing a wide range of industries in this city. Your workers’ compensation cost will be calculated based on how likely your employees are to be hurt on the job, according to the types of jobs they do.

Every occupation is assigned a classification code, and coverage rates for each of these class codes are regulated by the Illinois Workers’ Compensation Commission. Insurance companies use these designated base rates when calculating costs.

Because insurance providers do have some leeway when it comes to offering discounts and incentives, it is in your best interest to compare a few policies and quotes before making a selection. Let’s take a look at the average rates paid per every $100,000 in employee payroll for three of the top industries in Naperville, IL:

  • Professional, scientific & technical services: $720 a year
  • Education services: $700 a year
  • Health care:  $1,910 a year

Since Naperville is a largely white-collar city, the workers’ compensation rates for the top industries are on the lower end of the spectrum. Businesses in more hazardous industries, such as transportation and construction, will pay much higher rates for this coverage. For assistance getting actual, customized quotes for your particular business, contact a local independent insurance agent.

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What Does Naperville Workers’ Compensation Insurance Cover?

Workers’ compensation insurance (sometimes referred to as “workman’s comp”) is designed to cover the costs associated with on-the-job injuries and occupational illnesses. You can expect your policy to cover the following:

  • Medical treatment:  Workers’ compensation will cover all costs associated with necessary medical treatment, medications, and follow-up care related to occupational illnesses and work-related injuries. Employers are permitted to assign a list of authorized providers that your employees may go to for treatment.
  • Mileage reimbursement: If your employees must travel a significant distance for their medical care, they may qualify to receive reimbursement for reasonable travel expenses, including mileage, tolls and parking. These claims must be submitted in a timely manner in order to be honored.
  • Short-term partial disability: If an employee is cleared to return to work but with temporary limitations or restrictions, workers’ compensation can cover a portion of the difference in pay until they can return to their normal jobs.
  • Short-term total disability: If an employee needs to take more than three consecutive days to recuperate from a work-related injury, they will be able to collect a weekly benefit of two-thirds of their average weekly pay until they can return to work.
  • Permanent partial disability: If an employee suffers a permanent work injury that enables them to continue working but in a limited capacity, they can receive compensation of two-thirds of their average weekly wages for a number of weeks that is determined according to the nature and severity of their impairment.
  • Permanent total disability: If a work-related injury is so severe that the injured worker will be unable to ever return to work, workers’ compensation insurance can provide them with a weekly benefit of two-thirds of their average wage for the rest of their life.
  • Survivor benefits: If a work-related injury or illness leads to a fatality within four years, workers’ compensation can ease the financial burden on surviving family member by covering burial expenses up to $8,000 and providing the employee’s spouse and dependents with compensation for up to 25 years or $500,000, whichever is greater.

You can learn more about each of these benefits by speaking with a local independent insurance agent.

What If Your Workers’ Compensation Claim Is Denied?

Insurance companies sometimes deny workers' compensation claims. This could happen if your insurer suspects that the injury did not actually occur while on the job, the injury was intentionally self-inflicted, or the injured employee was under the influence of drugs or alcohol at the time of the accident.

If you believe that your workers’ compensation claim was unjustly denied, the decision can be appealed by filing a petition with the Illinois Workers’ Compensation Committee. An arbitrator will be assigned and a hearing will be scheduled to review the facts of the case.

Find the Best Workers’ Compensation Insurance in Naperville, IL

If you are looking for an ideal workers’ compensation policy to cover your Naperville business, an independent insurance agent can help. These agents can help you obtain and compare rates from insurance providers that specialize in covering businesses in your industry. That way, you can be sure you are getting your coverage at a competitive price.

Discover how easy it can be to find the right workers’ compensation policy for your business. Contact an insurance agent in or near Naperville, IL to start comparing customized quotes.

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