State Fund

A State Fund is a government-owned insurance company that provides coverage, often for workers’ compensation, to protect both employees and employers. It ensures that workers injured on the job receive medical care and lost wages, while employers meet legal requirements. State Funds operate to promote safe workplaces and policy stability, often setting standard rates and handling claims efficiently. They serve as a reliable, publicly accountable option within the insurance market, helping prevent financial hardship for injured workers and supporting employers in managing risk responsibly.