Employers have options when it comes to their workers' compensation coverage. Before making a decision, it's important to understand the differences among self-insured, self-insured group, and fully-insured workers’ compensation insurance. Because a self-insured employer assumes the risk of paying the workers' compensation claim costs for its employees, it must have the financial resources to meet this obligation. Further, when considering a self-insured group, employers need to understand how the program works, the financial strength of the group, and how the group is managed.
Learn about these options in our article "Understanding self-insured vs fully-insured workers' compensation coverage," prepared for Iowa Association of Business and Industry.
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