Illinois Workers Compensation Insurance - Penalties for not carrying.

I had a few calls recently from Chicago Illinois businesses asking about the penalties for not carrying workers compensation insurance.  Here's a post from last year on the subject:

Economy is hitting small business owners in Illinois hard.  I have had a few question the need to purchase workers compensation insurance and the penalties for not.  I know work comp is a major expense for any business - especially Illinois Contractors but... you can't go without:

  • Up to $500 day for noncompliance with a minimum of $10,000
  • Corporate Officers can be held personally liable
  • If corporate officer knowingly failed to obtain insurance - Class 4 felony



Link to Illinois Penalties


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