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
