The Illinois Public Risk Fund (IPRF) is Illinois' largest self-insured pool for workers compensation coverage. Eastablished in 1985, we are the #1 source for public entity protection in Illinois serving over 700 public entities and governmental agencies. These participating public entities have pooled their workers compensation exposures and controlled costs through a unified loss prevention and claims management program. An elected Board of Trustees oversees the operation of the Fund and governs it in accordance with State of Illinois rules and guidelines. IPRF operates substantially less than standard insurance companies. Member Entities Share in the Savings... As a self-insured pool, all investment earnings accrue to the fund. Profits are based on the underwriting surplus realized by the group and members share in this surplus based upon individual and overall member claims experience.