Bickmore Study Finds Self-Insured Employers Save 21% on Average

The California Self-Insurers' Security Fund released findings of a study conducted by Bickmore Actuarial finding the cost of self-insuring is 14% to 28% lower than purchasing a traditional workers’ compensation policy. On average, self-insured employers save 21% as compared to buying a policy from a carrier. The savings from being self-insured are driven mainly by the reduction in commissions, profit, marketing, administrative and overhead costs included in traditional insurance policies. "The 14% to 28% savings is a tremendous opportunity for California employers who are cur...