JLC • NEW ENGLAND EDITION • MAY 1995 JLC • NEW ENGLAND EDITION • MAY 1995
EIGHT-
PENNY
NEWS VOLUME 13 • NUMBER 8 MAY
1995
Contractors burned up
about the cost of workers
comp may find help on the
horizon in the form of group
self-insurance. Successful
programs started during the
'80s are inspiring imitation
by private insurance companies
and agencies in a growing
number of states. In
1993, California
became the 37th
state to allow group
self-insurance in
the construction
industry.
In a group selfinsurance
program,
companies of a particular
trade, such as
building contractors
or restaurant chains,
band together under
the umbrella of a
corporate insurance provider.
By restricting their responsibility
to the losses of their
select group, co-ops can return
to their members the benefits
of safety gains