Self-Insurance is certainly not for everyone. The feasibility of such arrangements is very much determined by the cost and terms of the “stop-loss” arrangements. There are many insurance companies who specialize in this field, but you must be careful with regard to the financial strength, contract language, claims integrity, ease of integration, and most importantly their level of commitment.
It is also worth noting that the appetites of some of these companies can vary greatly, often times from one year to the next. We work with more than a dozen of the highest valued providers of this integral component of a well-structured self-insurance arrangement. The importance of the right fit cannot be stressed enough.