Self-Insurance Feasibility and Compliance
For some large employers, self-insurance is an attractive option as it can deliver significant cost benefits by reduced claims liability and premium costs. It also allows an organisation to manage and control its own claims which can deliver better workers compensation and return to work outcomes. Self-insurance is available to those organisations who meet financial criteria and who can demonstrate a high level of safety performance. It will not suit all organisations. PeopleVision assists organisations decide by undertaking a feasibility assessment. If self-insurance is shown to be a good option, we can assist you to build and improve your safety systems to the superior level required, and support you throughout the self-insurance application process. Once self-insured, our team advises and supports self-insured employers meet and continually improve their Work Health and Safety and Injury Management Systems in order to comply with self-insured performance standards. If you want to know more about the self-insurance services we provide, take a look at Self-Insurance Services.