The Value of Self-Insurance
Money Returned to Members
$12 million in surplus contributions have been returned to self-insured CRMBC members since the group was founded on January 1, 2005, and additional funds have been set aside for potential future distributions to those same members.
Funds are returned to members only after CRMBC has met the State of California’s elevated standards for financial security in self-insured groups.
CRMBC is managed exclusively for the benefit of its employer members – the design and management of the group helps employers see a return on their investment in safe workplaces and effective cost management.
Insurance Claims Cost Control
In CRMBC's self-insured group, claims are closed faster and costs are controlled more aggressively than in the traditional insurance market. In Workers’ Compensation, employers pay for their claims in their future rates. Open and uncontrolled claims cost long term money. CRMBC controls employer costs
Save Money with the CHSI Solutions Hotline and 24 Hour Nurse Triage
The CHSI Solutions Hotline provides immediate support that helps employers control direct and indirect costs associated with work injuries. Incidents properly identified as first aid save money. Employees who get the right immediate professional support will do better in recovery and avoid the lost time that is bad for them and bad for the employer
Fraud Control
CHSI and Intercare have a dedicated strategy for identifying and acting on fraudulent Workers’ Compensation injuries. CRMBC has had significant success in the prosecution of fraud since the group began its operations. For more information on this topic, please visit CHSI News.
Crisis Support
When a crisis hits for a member, such as a robbery, employees need help. CRMBC utilizes rapid deployment of crisis counseling resources and situation managers to support members in times of trouble. Helping employees through a crisis has tremendous long term value
