When Should Your Business Self-Insure?

When you have to insure employees and you feel the insurance companies have become too expensive or are not efficient in pursuing claims (as in phony worker compensation claims) you may look at the possibility of self-insuring,

About half of companies with a minimum of 200 employees feel they have a large enough pool. About 80% of those with 1000 or more employees actually do. Many often hire consulting firms to assist them. The individual states have regulations that apply to such coverage (See Earl J Weinreb NewsHole® comments.)