About WCF Insurance

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WCF Insurance has come a long way from its beginning in 1917. Today, WCF Insurance is an innovative, national insurance company committed to customer service, strong business partnerships and aggressive cost management.

From the Beginning
In 1917, the Utah Legislature passed a workers’ compensation act, requiring all employers to have insurance for their employees. The system was established to protect both the employee and the employer from financial ruin that a workplace accident could cause.

Because workers’ compensation insurance was new to the entire country, policy makers in Utah debated how to best formulate Utah’s system. After much discussion, it was agreed that a state fund should be created to compete with insurance carriers. WCF Insurance was established with a $40,000 loan, which it repaid to the state in 1922. Since then, WCF Insurance and its policyholders have seen many changes, but the company’s purpose and vision remain the same: to provide excellent customer service to our policyholders and their employees.

National Coverage 
To better serve WCF Insurance's multistate customers, Advantage Workers Compensation Insurance Company (Advantage) was created in 1998 to write workers compensation outside Utah. Today, Advantage is licensed in fifty states and the District of Columbia. Stop gap coverage is available in the monopolistic states. Advantage has extensive experience, knowledge and resources in a number of states, and can be an excellent resource on multistate or single state workers compensation. Five claims offices are maintained in the western United States: Arizona, California, Colorado, Idaho, and Nevada.

Advantage is a wholly owned subsidiary of WCF Insurance and has an A rating with AM Best. With a national scope built on personalized local service, WCF Insurance provides excellent services to its customers and stakeholders.
 
Ownership
Q: Who owns WCF Insurance?

A: In 2005, the Utah Supreme Court ruled that WCF Insurance's policyholders owned its assets, not the State of Utah. The ruling upholds numerous Supreme Court decisions dating back to 1936.

Q: WCF Insurance is a quasi-public corporation, what does this mean?
A: A quasi-public corporation is defined by Utah law as being a corporate entity that is private in ownership and  serves a public purpose.

 

Legal Notice
Advantage Workers Compensation Insurance Company is domiciled in Indiana. Its principal place of business is in Sandy, Utah.
NAIC 40517
Advantage is licensed to write workers compensation insurance in fifty states and the District of Columbia

This company was issued a secure rating by the A.M. Best Company, click for additional details

Insurance coverage in all states other than Utah is provided by Advantage Workers Compensation Insurance Company, a wholly owned subsidiary of Workers Compensation Fund, doing business as WCF Insurance.
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