Clay Jackson answers the question – Who Owns A Self Insurance Group?
In delving deeper into why SIGs and self-insurance can be good for an employer, it’s important to note that this method of obtaining and providing workers’ compensation coverage to one’s employees is not for smaller companies or the faint of heart.
In discussing the world of Workers’ Compensation in California, we see it is a very big place, filled with all kinds of ways to insure (or self-insure) employees’ work related injuries. Included in this plethora of options is a very useful tool to have in your arsenal; that of the Self-Insured Group or “SIG.”
There is a running controversy as to whether the Office of Self-Insured Plans, part of the Division of Industrial Relations, should release California’s workers’ comp self-insured groups (SIGs) financial data. …