The Wisconsin Department of Workforce Development and the Wisconsin Department of Justice on Wednesday announced a $200,000 agreement in DWD's federal court claim filed in the Briggs & Stratton Corp. bankruptcy case, Fox6Now.com reported. The funds, along with a $5 million surety bond, are available to pay worker's compensation claims of the formerly self-insured employer. Additionally, a Self-Insured Employers Liability Fund (SIELF) is available to make up any shortfall and protect payments to injured employees should these funds and the surety bond be exhausted. The SIELF is funded by assessments on other self-insured employers when needed. All worker's compensation claims are paid directly or indirectly by employers; no taxpayer funds are used to support this safety net for injured employees.
