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SELF-INSURANCE IS COST EFFECTIVE
A recent study has reached the conclusion that employers that choose to self-insure their workers' compensation programs can recognize savings of 14% to 28% over traditional workers' compensation insurance coverage. In a press release issued on December 3, 2019, Self Insurers Security Fund Board Chair and CEO Tim East explains "The 14% - 28% savings is a tremendous opportunity for California employers who are currently in traditional workers' compensation insurance policies. Becoming self-insured can enable companies to reduce costs and be more competitive and profitable."
The link to today's press release and more information about the study can be found at this link: PRnewswire/NewStudy