What Excess Workers Compensation Insurance Means for Your Business

Every employer needs to have some form of workers compensation insurance in order to make sure that their employees are taken care of in case of workplace injury. Excess workers compensation is for employers who choose to self-insure, instead of going through state and federal government channels. The choice to self-insure is important and exciting for business owners for many reasons.




Self-insuring allows you to have more control over your business. With this type of insurance, you won’t need to be dealing with the government telling you what to do. When you choose to self-insure, you can also control the costs of insurance in order to implement policies that prevent injuries in the first place.


Cash Flow


Money is important to any business. When you choose excess workers compensation as your insurance, you are keeping your initial start-up fees low in order to allow you to keep more money for your business. Why spend more money than you have to?


Claim Management


When you self-insure, you will be able to hire a third-party administrator to take care of any and all workers compensation claims. This allows the employer to keep their costs at a minimum.


Choosing to self-insure with excess workers compensation is an attractive option for many employers. It offers many advantages that the government does not have. Self-insuring can be very helpful in managing your business.