With this bad economy it is an important question to ask. If you have been hurt on the job and your company goes out of business what will happen to your Workers’ Compensation claim?

In Illinois at least, you are protected in several ways.

Almost all business must have Workers Compensation insurance. If the business closes, the Workers’ Comp insurance company still stands in its place, and you are protected.

What if the insurance company goes bankrupt. Illinois law provides for a special fund to take care of injured workers in that case.

What if your company was self-insured? This means they take care of their own claims. Illinois has another special fund that handles these situations.

If your company did something illegal and did not have Workers Comp insurance, then you have some difficulties. There is a fund that exists that is supposed to help you out, but it takes a long time to pay out and it involves a difficult process.

Should you fall into any of these situations, please call me, Dirk May at 309-827-4371, to discuss.