The formation of IPEP began in 1989 as a response to the need
for public employers to find affordable workers' compensation
coverage. The concept of public entities joining together to solve
their risk financing needs gained momentum when they found it
increasingly difficult to secure needed coverage and quality
services from the commercial insurance market. By the end of 1990,
33 members had joined together to form the nonprofit, self-funded
workers' compensation risk sharing program known as the Indiana
Public Employers' Plan (IPEP).
After 20 years of operation, IPEP has grown to approximately 700
members, distributing membership through a network of approximately
250 independent insurance agents. Today, IPEP covers as much as
$1,000,000,000 in public worker wages.