Excess Worker's Comp

We've been providing Excess Workers' Compensation coverage to self-insured employers since 1996. These employers have discovered that self-insurance makes sense. Self-insurance offers what today's employers need in a risk management program: more control, aggressive claims management, and improved cash flow advantages not found in first dollar programs.

Control - Control is crucial to an effective insurance program for today's employer. First dollar programs do not offer the strict cost control measures necessary to minimize work-related injuries and their high cost to the employer. The solution is self-insurance. Self-insuring makes workers' compensation a controllable part of the management process; one that benefits the employer in both human and financial terms.

Claims Management - Employers know the significance of vigorous workers' compensation claims handling. With the lion's share of every insurance dollar paid out in claims to injured workers, it only makes sense to focus efforts where they'll have the most benefit. Self-insured employers hire Third Party Administrators that offer high quality claims management services to help them keep expenses at their lowest possible levels. High quality claims management and minimal expense is something with which all employers can identify.

Cash Flow - The employer's choice: large payout to a first dollar insurance provider or low start-up costs with self-insurance. Low start-up costs mean the self-insured employers can keep their money right where it belongs -- in their own bank account. Any funds not immediately needed to pay claims stay with the employer until they are needed. In fact, it's not unusual for workers' compensation claims to be paid out over a number of years creating a significant cash flow advantage for the employer.