Overview
What is Wisconsin Workers Compensation Insurance Pool?
The Wisconsin Workers Compensation Insurance Pool is a nonprofit organization based in Waukesha, Wisconsin, specifically located at 20700 Swenson Drive Suite 100, 53186. Its primary mission is to provide worker's compensation insurance coverage for employers who have been rejected in the voluntary market within the state. This statutory risk ceding pool offers essential insurance services to organizations in need.
Official website here: www.wcrb.org
Is Wisconsin Workers Compensation Insurance Pool legitimate?
Wisconsin Workers Compensation Insurance Pool is a legitimate nonprofit organization registered as a 501(c)(6) entity. Wisconsin Workers Compensation Insurance Pool submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.wcrb.org
What is the mission statement of Wisconsin Workers Compensation Insurance Pool?
The Wisconsin Workers Compensation Insurance Pool serves as a statutory risk ceding pool, dedicated to extending worker's compensation insurance coverage to employers who face difficulties obtaining it in the voluntary market. Its primary objective is to ensure that employers in need of insurance protection can still provide for their employees' workplace injury and illness benefits. The organization assumes coverage for rejected worker's compensation risks within the state, thereby filling a crucial gap in insurance provision.
Official website here: www.wcrb.org
Who is the CEO of Wisconsin Workers Compensation Insurance Pool?
Laura Vande Hey is the Committee Member of Wisconsin Workers Compensation Insurance Pool.
Official website here: www.wcrb.org
What is the revenue of Wisconsin Workers Compensation Insurance Pool?
Wisconsin Workers Compensation Insurance Pool's revenue in 2022 was $77,525,017.
Official website here: www.wcrb.org
Who are the executives of Wisconsin Workers Compensation Insurance Pool and what are their salaries?
There 12 volunteers at Wisconsin Workers Compensation Insurance Pool.
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Official website here: www.wcrb.org
Where can I find the form 990 for Wisconsin Workers Compensation Insurance Pool?
Wisconsin Workers Compensation Insurance Pool's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wcrb.org
Learn more at the official website: www.wcrb.org
Mission Statement of Wisconsin Workers Compensation Insurance Pool
The Wisconsin Workers Compensation Insurance Pool, a statutory risk cedding pool, serves a crucial mission in the state. When employers find themselves unable to secure worker's compensation insurance coverage in the voluntary market, this organization steps in to provide a solution. Established to cater to rejected worker's compensation risks, the Pool aims to ensure that all employers in Wisconsin have access to essential insurance protection for their workforce. By offering coverage for these risks, the Pool plays a vital role in maintaining workplace safety and security for employees and employers alike.
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Impact
October, 2024
The Wisconsin Workers Compensation Insurance Pool serves a crucial role in the state's labor market by providing essential coverage for employers unable to secure workers' compensation insurance in the voluntary market. By offering a safety net for rejected worker's compensation risks, the Pool ensures that all employers have access to necessary insurance, promoting workplace safety and employee protection.
This coverage not only benefits the employers who might otherwise struggle to obtain insurance but also supports the broader economy by fostering a stable business environment. Employers can operate with peace of mind, knowing that they have protection against potential liabilities resulting from workplace injuries. This encouragement for businesses to maintain safe working conditions ultimately contributes to the well-being of the workforce.
Moreover, the Pool's existence helps to prevent a potentially dangerous gap in coverage that could leave vulnerable employees without necessary support. By mitigating risks associated with uninsured employers, it plays a vital role in safeguarding the rights and health of workers across Wisconsin. In essence, the Wisconsin Workers Compensation Insurance Pool promotes mutual benefit, enhancing both business operations and worker security within the state.
This information is meant to be a general summary of Wisconsin Workers Compensation Insurance Pool. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $489,423
- Program Service Revenue: $77,035,594
- Gross Receipts: $338,208,741
Assets and Liabilities:
- Total Assets: $276,509,982
- Total Liabilities: $114,010
- Net Assets: $276,395,972
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COLLECTED PREMIUMS
Revenue
$79,679,594
CHARGE-OFFS
Revenue
-$637,412
COMMISSIONS
Revenue
-$2,006,588
Organization Details
Founding Year
1931
Phone
(262) 796-4540Principal Officer
Laura Vande Hey
Main Address
20700 SWENSON DRIVE SUITE 100 100, WAUKESHA, WI, 53186
Website
www.wcrb.orgNTEE Category
Code: Y20 - Mutual benefit
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