Making Workers' Compensation Work Since 1991™

3 Reasons to Join an Individual Self-Insurance Program

Are your workers' compensation claims expenses considerably less than your premium? Is your annual workers' compensation premium at, or more than, $500,000?

If you can answer "yes" to these questions, then here are three ways you can benefit from an individual self-insurance program through NCAComp.

1. The self-insured is covered by excess insurance.
This is sometimes referred to as "stop loss" or "catastrophe" insurance. The employer purchases an excess insurance policy with a retention amount per accident. Whenever the cost of a single workers compensation accident exceeds the retention amount, the excess insurance company will pay the balance of the claim regardless of cost.

2. We help you continually improve your workers' compensation performance.

We do this by:

  • Paying attention to the details and follow through consistently.
  • Tracking accident trends to identify the source of losses.
  • Addressing legal, financial and regulatory issues.
  • Avoiding excessive payments by processing all legitimate claims without delay, and identifying fraudulent claims at an early stage.
  • Identifying cases eligible for reimbursement from the Second Injury Fund and reimbursement by other responsible parties.

3. We give you more control over your claims.
Self-insurance also affords you more autonomy when it comes to controlling litigation, workers compensation fraud investigations, and medical case management.

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