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Self
Insurance Programs
Account Size $300,000
to Unlimited
(size varies by state)
Self-insurance
refers to an arrangement in which an organization consciously retains
at least a portion of a specific, identified risk. The term “self-insurance”
is somewhat of a misnomer because the insured does purchase catastrophic
insurance coverages and often purchases claims and risk management
services to help manage and run the program.
Self-insurance
may be implemented on behalf of a single organization or, in certain
states, on behalf of a number of organizations.
The
motivation for becoming self-insured is usually driven by the desire
to reduce costs. However, the most important benefit may be the
overall control over claims administration and safety and loss control
efforts gained by a self-insurer.
Underwriters
Gerry.Dumke@caitlin-morgan.com
Chris.Murray@caitlin-morgan.com
Stan.Murray@caitlin-morgan.com
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