Description
A Self-Insurance program is based on a decision to retain risk rather than to insure it. It differs from traditional insurance in that a plan to pay for losses as they occur is needed. A self-insurance program may be funded from operating cash balances or through systematic payments into a special reserve fund.
The motivation for becoming self-insured is usually driven by the desire to reduce costs. However, the most important benefit may be the essential control over claims administration and safety and loss control efforts gained by a self-insurer.
Caitlin Morgan Insurance understands the decision to implement a self-insurance plan is one which requires extensive review of the client’s needs and an honest look at potential disadvantages. In addition, self-insurers must make separate arrangements for claims handling and other services, and satisfy state surety bond requirements.
With our years of experience managing self-insurance plans, Caitlin Morgan can guide you through the complex process of analyzing, evaluating, and establishing a successful self-insurance program.
Individual Self Insurance – Worker’s Compensation Solutions
Coverages Offered
Package (All Lines Of Coverage)
Availability
Applications and Informational PDFs
Contact
Log-in to ProgramBusiness to contact
LoginDon’t have a log-in? Register for free here.
ProgramBusiness is 100% free for agents and agencies.
Registered users can submit ACORDs, loss runs, etc to quickly receive quotes from multiple markets or the market of your choice.