RiskChase have carried out a large number of feasibility reviews relating to Workers Compensation Self Insurance. These reviews determine the potential cost savings and the work required to achieve Self Insurance. Our consultants will review your organisation to determine the –
- Possibility for cost savings under Self Insurance
- Claims data reliability
- Resources required
- Work Health & Safety procedures in place
- Injury Management systems is place
- Safety & Injury Management culture & effectiveness
Many organisations see Self Insurance as being applicable only for the largest organisations but in practice self-insurance savings are often most critical in medium sized organisations that have a riskier profile.