In California, The Office of Self-Insurance Plans (OSIP) authorizes qualified employers to provide their own coverage for workers’ compensation liabilities.
Small and medium-sized businesses have the option of joining with others in the same industry to self-insure their workers’ compensation liability as a group.
California has one of the largest self-insurance programs in the nation and has some of the strongest regulations designed to ensure the system protects both employers and employees.
McDonough Insurance Services represents several of the leading Self-Insured Groups in California in Construction, Warehouse/Wholesale, Food Processors, and Nursery/Flower Growers.
If your Work Comp annual premiums are over $100, 000, the options and benefits of a SIG just might be the right Work Comp solution for your business to minimize your costs.
I invite you to schedule a Work Comp Risk SnapShot to discuss your options and determine if you qualify for Work Comp coverage in a Self-Insured Group.