Established in 1914 by the California legislature, the State Compensation Insurance Fund (commonly known as State Fund) is a non-profit, self-supporting, quasi-public enterprise providing workers' compensation insurance to California businesses. Its mission is to offer fairly priced insurance, ensure the safety of workplaces, and provide care for injured workers, playing a vital role in the state's economy. Unlike private insurers, any excess income is returned to policyholders in the form of dividends rather than being distributed to stockholders.

Founded in

United States