Self-Insurance

Self-Insurance

Under a self-insured arrangement, employers pay costs as they are incurred. An employer can be self-insured as an individual or participate in a self-insured group. Self-insurance is a great option for any employer with $200,000 or more in annual premium and excellent loss history.

Advantages

  • Cash flow-claims pay as you go
  • Control over claims and loss control
  • Low fixed cost
  • Investment income

Challenges

  • Non-deductibility of reserves
  • Increased responsibility
  • Volatility-controlled by excess
  • Qualifications (Don’t worry-we walk you and your client through every step!)

Qualifications

  • Must have an excess WC policy (our affiliates represent three major carriers with A.M. Best rating of A or A+)
  • Must have state-approved TPA
  • Must request approval from State
  • Must have security in form of a Letter of Credit
  • Excess will require minimum of the standard premium for aggregate
Top of page link
Quick Contact Link
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt
fullscreen close

Start typing and press Enter to search