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Transitioning to Self Insurance

Transitioning to Self Insurance

Making the transition from a fully insured program to a self insured program comes with many exciting challenges and questions.  At BerkleyMed, we work with first time self insureds and their brokers in ways above and beyond the norm to help make the transition as seamless as possible.  As your partner, we share in your desire to build an effective program based on best practices to achieve optimal outcomes. 
In our experience, we have found that many new self insured organizations have questions, such as:
  • How much time will I spend managing my risk financing program?
  • Who can I turn to if I need support with my self insured program?
  • How will our day to day risk management and claims adjudication practices change?
By working closely with your broker, BerkleyMed is able to assist you in not only answering these questions, but also providing a smooth transition to self insurance through risk financing and ValueLinkTM risk mitigation strategies that are tailored to newly self insured organizations.