In a self-insured group, members combine their resources and manage a common fund to finance their losses. These groups can be formed as self-insured groups, funds, trusts and pools. Frequently formed in response to hard markets conditions of limited availability or affordability of coverage, well managed self-insured groups remain the risk financing option of choice across all market conditions. The success of a group requires a long term commitment to proper risk selection, timely and specialized claims handling, aggressive loss control and safety initiatives and prudent financial management.
Meadowbrook provides management services and administration services to over 40 self-insured groups representing a variety of industry and trade associations including manufacturing, contracting, hospitals, nursing homes, home health care, non-profits and public entities.
Services include:
- Claims Handling and Administration
- Loss Prevention and Control
- Underwriting / Risk Selection
- Policy Issuance
- Feasibility Studies
- Actuarial and Loss Reserve Analysis
- Reinsurance Placement
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- Litigation Management
- Regulatory Compliance
- Accounting and Financial Statement Preparation
- Information Technology & Processing
- Sales, Marketing & Public Relations
- Consultation, Education & Training
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Contact Jim LeRoy at: (800) 211.6389 ext 6208, or by email at: jleroy@meadowbrook.com for more information or to discuss a proposed program.
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