Alternative Funding

Companies are required by law to purchase Workers' Compensation insurance to provide benefits to employees for work related injuries. These policies are generally written on a Guaranteed Cost basis. This means that the insurance carrier develops the rate by classification and charges the rate per $100 of payroll. If the employer does a fantastic job and reduces loses, the insurance carrier is thankful but does not return any unused premiums. If the employers have a high loss ratio their rates are surcharged and they pay for their losses over future years. 

Employers are looking for other methods of funding their Workers' Compensation.

Salsbury & Associates are experts in developing Alternative Funding programs.

We work directly with you to develop:

• Underwriting and Plan Design
• Plan Funding
• Loss Prevention
• Claims Management

Salsbury & Associates are specialists in developing the following programs:

• Large Deductible
• Retrospective Plans
• Self-Insurance, Captives and Rent-a-Captives
• Risk Retention Groups