Although cost savings is a major reason why companies self-insure, the primary benefit SIG members enjoy is having control over their claims which ultimately means control over their bottom line.
CRMBC is owned, operated and governed by its members. Compare that to traditional insurers whose primary duty is to make a profit for their shareholders.
In 2023, accompanying the recently announced new leadership of CRMBC, The PATH Alliance was appointed as the group’s new Administrator beginning in May. PATH brings extensive expertise in financial management, regulatory compliance, claims oversight, safety and loss prevention, and member service to the group. Pacific Claims Management is the third-party administrator handling all claims for the group, while ALC Consulting is an outside claims consultant providing independent claims oversight. Moss Adams LLP has been appointed the group’s independent auditor.
In 2022, CRMBC reported member equity of nearly $20 million. CRMBC is currently welcoming new restaurant operators who exhibit a strong dedication to safety and a desire for greater control over their claims and their workers’ compensation program. It is the right fit for restaurateurs who want to achieve better outcomes for their injured workers and their bottom line, and who wish to receive concierge level service.
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Your company is truly upstanding and is behind its product 100%. We've used insurance for the last five years. It fits our needs perfectly. Nice work on your insurance. It's incredible.
I made back the purchase price in just 48 hours! No matter where you go, You won't regret it. Insurance is great. I'd be lost without insurance. Thanks guys, keep up the good work!
Insurance should be nominated for service of the year. I love insurance. Insurance is the most valuable business resource we have EVER purchased. I will refer everyone I know.
CRMBC is a California Self-Insured Group (SIG) formed BY restaurant owners FOR restaurant owners. Choosing to opt out of commercial insurance that uses premiums to boost their substantial profits and overhead, CRMBC is a group of business-savvy restaurant owners who joined forces to self-insure their work comp for sustainable cost savings.
