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.
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