Illinois Workers Compensation Insurance Premium Adjustment Factor

Most contractors know that workers compensation insurance premiums are based on payroll. However, I’m still finding that many don’t know that Illinois allows for a "Contractors Premium Credit Adjustment".   If the hourly wage level exceeds the state hourly average wage contractors paying union scale will usually qualify for the credit. The size of the credit varies, but in Illinois eligible contractors can earn a credit of anywhere from 5 percent to 40 percent, and discounts of 20 percent or more are not uncommon.


The Contractors Workers Compensation Insurance Premium Credit Adjustment can be obtained by completing a simple application form and submit to the National Council on Compensation Insurance (NCCI). Because the credit applies on a per-state basis, eligible contractors operating in Illinois can take advantage of the credit, even if they also have operations in other states that do not allow the credit. If you have any questions or if I can be of any assistance feel free to contact me. Our agency services insurance for contractors in the Illinois and Chicago land area.

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