Specific and Aggregate
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Spec and Agg for Workers' Compensation

Self-Insured Funds (Workers Compensation)

Spec and Agg for Workers' Compensation
Many states permit companies to form groups or 'Funds' to self-insure workers compensation. Savings are made through economies of scale in areas such as administration and excess insurance.

The Information that You Will Need To Provide to an Excess Insurer

Spec and Agg for Workers' Compensation
The ability to secure the most beneficial terms is dependent on not only a self-insurer's own loss experience but also on the quality of the information that it is able to supply to the excess insurer.

Selecting an Excess Insurer

Spec and Agg for Workers' Compensation
It is important to ensure is that the choice Excess Insurer is the correct one. Remembering that the most competitive is not always the best.

Specific and Aggregate Insurance - How it Works

Spec and Agg for Workers' Compensation
Specific coverage is designed to protect an employer from claims arising from a single occurrence. Aggregate coverage reimburses the self-insured employer in that the total paid losses in any one policy period exceed a pre-determined amount otherwise known as the loss fund.