Excerpt: Group captives have become an attractive option in recent years among mid-market employers that want to self-insure their workers' compensation (WC) risks.
The structure provides control over claims and premiums for companies that want to avoid rising costs in a hardening workers comp market. And experts say the mechanism is convenient for smaller firms that often can't afford to take on a high-deductible workers comp program or become a qualified self-insurer in their states of operation.
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