Workers Comp Self Insurance Qualifiers
Most of the Workers Comp self insurance qualifiers center around the employer’s ability to have enough money to pay claims.
One of our most requested services is to see if self insurance is a valid option for a large company. If your company is considering the switch to self insurance, there are five questions to consider before switching to paying out-of-pocket for Workers Comp claims.
3. Is your company prepared to do a RFP (Request For Proposal) to find a TPA (Third Party Administrator) to process your Workers Comp claims? It may not be a wise choice to have your current insurance carrier handle the claims through their TPA unit.