Products & Services
“Adjusting claims for a self-insured group is no easy task. An adjuster must be prepared to report to several board members on a frequent basis. CMI's lower caseload per adjuster has allowed our adjuster to remain involved with every case and be able to report to the Board with concise and well thought out plans of action.”
Mark Sledzinski
Group Fund Administrator
Metalworking Industries
of Michigan
Worker’s Compensation Fund
Self-Insured Group Funds
The Benefits of Group Funds
Group Self-Insurance in Partnering with CMI
Group self-insurance provides the benefits of self-insurance to companies without the size or ability to self-insure on an individual basis. Group self-insurance funds are unlike traditional insurance in several important ways. First they are “not-for-profit” programs established by businesses within specific industries. Second, the purpose of a Group Fund is to help control the workers’ compensation costs of its members. The members retain ownership of the Fund’s surplus and investment income.
CMI is a service provider for 11 Michigan self-insured groups and provides underwriting, excess insurance, claims management, loss prevention, payroll audits, and accounting functions. These self-insured groups have resulted in millions of dollars in workers’ compensation savings to over 1700 employers.
To learn more about the benefits of self-insured group programs, please contact Jeff Packard at jpackard@hanover.com.