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Healthcare Industry' Self Insurance Program of California [HISIP]
WHAT IS THE HEALTHCARE INDUSTRY SELF INSURANCE PROGRAM?
A high quality, cost effective Group Self Insurance Workers' Compensation Program for Healthcare Facilities in the State of California.
WHY WAS THE PROGRAM FORMED?
To help California Healthcare Facilities control the high costs of Workers' Compensation Insurance. Today's insurance environment presents a challenge to you, the employer, to find a program that will yield savings to your bottom line without sacrificing necessary loss prevention and claims management services. The Healthcare Industry Self Insurance Program can provide you with this balance!
HISIP CLASS CODES
8834 Physicians
8827 Public Health Nursing Assistants
8827-1 Homemaker Services
8829 Nursing Homes
8829-1 Nursing Homes
8829-2 Convalescent Homes
9070 Residential Care Facilities for the Elderly
8810 Clerical Office Employees
9043 Health and Human Services — Hospitals/All Employees
WHAT IS A GROUP SELF INSURANCE PROGRAM?
A Group Self Insurance Program is an association of employers, homogeneous in nature, who have been grouped together to provide Statutory Workers' Compensation benefits to their employees. Group self insurance programs are approved, regulated and monitored by the Department of Industrial Relations, Division of Workers' Compensation. Member contributions provide funding for claims and expenses. 100% of group surplus, including interest income, is owned by group members. CRM, the program manager, provides underwriting, loss control and administration. CRM coordinates third party claims administration services, independent accounting, actuarial and legal services.
WHAT ARE THE BENEFITS TO ITS MEMBERS?
Savings
- Members yield significant savings compared to the traditional insurance product
- 100% of group surplus, including interest income, is owned by members
Services
- Comprehensive Safety Services: Free, tailored loss control; Development of account specific improvement goals; Highly accredited and experienced staff; Internet Library & more...
- State of the Art Claims Services: Managed care integration; Balanced case loads; Quality assurance reviews and more...
Security
- Group self insurance programs are approved, regulated and monitored by the Department of Industrial Relations, Division of Workers' Compensation
- CRM individually underwrites each member to create group stability
- Safety net provided through "A" rated excess insurance
Join today and separate yourself from the trends of the industry!
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