Bickmore Risk Services and Consulting

The operating principles behind group self-insurance are relatively simple. Members contribute into a fund, which is conservatively invested and tracked by policy year. The Self-Insurance Group (SIG) pays each policy year's expenses (administrative costs, claims, etc.) from collected funds and retains any surplus from contributions and investments for those members who contributed to the group that year.

Self-Insurance Groups are created by employer members to prevent injuries and to help pay for their workers' compensation benefits in a timely, efficient, and cost-effective manner. Employers insured through SIGs contribute to a fund that remains within the group's control. Any money not spent to cover claims or operating costs is retained by the group and could potentially be refunded to the members.

What We Do

BRS' unwavering attention to detail enables us to offer invaluable advise during the formation and ongoing operation of Self-Insurance Groups. Our goal is to share the costs and rewards of risk for our Self-Insurance Group clients. We do this by providing streamlined administrative and management service, and thereby reducing the time and expenses associated with managing SIGs, while simultaneously increasing operational efficiency.

• Form and structure SIGs and SIG programs
• Handle SIG accreditation preparations
• Streamline SIG approval processes
• General SIG management/administrative support
• Advise SIGs on membership growth opportunities
• Work with SIG boards of directors, and executive committees