Self-Insuring Workers' Compensation

This is a general list of the information that you will most likely need to supply to your State as well as to your Third Party Administrator, Excess and Bond Insurers.

Becoming a qualified self-insurer is not suitable for every company, so prior to expending resources to perform a feasibility study the following guidelines should be looked at.

In deciding whether to implement a self-insurance program there are a number of decision criteria that need to be considered. Whilst self-insurance provides many benefits there are some additional administrative responsibilities that need to be considered as well as financial risks, although the latter can be controlled by specific and aggregate protection.

Reduced costs, a more contented workforce, generation of investment income, the ability to control exposures, improved cashflow.