Product Update

"Self-Insurance Program Structure" Updated in Construction Risk Management

When insurance is cheap and readily available, the concept of self-insuring is hard to sell to many contractors. However, when insurance markets harden and premiums rise, many contractors begin to look for alternative methods of financing risk. Self-insurance is one option for contractors with the ability to obtain some spread of risk and the financial wherewithal to absorb unexpected losses. Self-insurance programs vary with respect to which lines they cover, how losses are to be funded, how and whether excess insurance is provided, and how ancillary services are to be provided. This release of Construction Risk Management addresses each of these topics, and some core issues to consider, in "Self-Insurance Program Structure."

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