Benefits of Joining A Self Insured Group


construction worker

“Only the Best” – The Self Insured Group (SIG) can chose to offer membership to only those employers who demonstrate a solid commitment to superior operations. This limits the group’s exposure to “bad risks.” This approach is vital because the better the results, the lower the cost for members.

Program Control – There is no comparison to the kind of program control a group of employers have under self insurance versus a fully insured plan. In a Self Insured Group, the members have control of the program through the Board of Trustees. Since the Board consists of employers in the same industry, a self insured group can feature industry-specific benefits designed exclusively for that program.

Aggressive Claims Management – Claims management is crucial when creating a successful self insured group. Investigations of suspicious claims, Return-to-Work programs, low adjuster-to-claim file ratios and strong case management are key components in keeping claims costs down. Self Insured Solutions works with only the best Third Party Administrators (TPAs) in the state.

Safety & Loss Control – A strong safety program is necessary for a successful group. Self Insured Solutions works with some of the best loss control consultants to provide initial and ongoing loss control services to members. The loss control consultants are available to help members keep their work places as safe as possible. Working together to prevent injuries makes a huge difference in keeping workers’ comp claims down.

Regulatory Oversight – California’s Department of Industrial Relations, Office of Self Insurance Plans oversees all self insured group programs and requires annual financial reviews.

Excess Insurance – The SIG purchases Excess Insurance from an admitted Excess Insurance carrier to protect the group from large losses. All claims that exceed the group’s self insured retention are paid by the Excess Insurance carrier. This helps limit the self insured group’s exposure.