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Individual Self Insurance Application Checklist  Form

Individual Self Insurance Application Checklist Form

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[Music] hi i'm andrew clayton today we're going to cover fully insured renewals and how there's a very very strong element of self-insurance within your fully insured a lot of employers look at fully insured and say it's a very simple i pay premiums and i'm able to transfer all the risks to the insurance company and what your transfer is not the risk but it's the financial certainty for the next 12 months but as you get to your renewal they're going to re up your premium emphasis on up depending on what claims you have throughout the prior period and so if you dig into your renewal calculation you will notice that there is a large responsibility of the claims that are baked into your into your renewal action or your increase depending on the size of the employer you have a pooling point that can range anywhere from 75 000 up to about 250 000 and that pulling point is a very conservative sellable way of saying that's your individual claim responsibility or in the self-insured space that

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