Workers Comp - The New M&M Model

M&M Insurance Solutions Limited has spent the last few years developing a new product for managing claims and lowering workers compensation costs.

 

Our model includes a strong emphasis on safety and claims management that offers lower premiums through deductible programs, not readily available in the California marketplace, which allows the employer to bear the costs of claims in the deductible layer, thus reducing fixed cost premiums.    

 

Simply put, the M&M Insurance Solutions Limited approach rewards companies directly for their good behavior.

 

Many companies throughout California manage their workforce and loss control programs exceptionally well. Their safety, loss control, and return to work programs are best in class. Their business culture successfully prevents most injuries and then limits their severity when they do occur. These companies do this by sending their injured workers to medical providers who specialize in immediate, high-quality care. They stay in contact with their employees and return them to work quickly. But they are not rewarded with lower premiums in return for their efforts because their accounts are pooled with other businesses. This does not allow them the credit they have earned for their well-deserved success.

 

In a typical workers compensation insurance program, employers are grouped by their risk category with minimal credit given for good performance. As a result, the better-performing companies subsidize the poorer performers. M&M Insurance Solutions Limited's Workers Compensation Plan changes all of that.

 

 

The M&M Insurance Solutions Limited Plan

 

The M&M Insurance Solutions Limited Plan provides qualified employers the opportunity to self-fund the first dollars spent on workers compensation injuries. The appropriate level of self-funding will be determined by the individual employer. If costs exceed the self-funded level, claims (including catastrophic claims) are then paid by a top-rated insurance carrier.

 

The single most unique and beneficial aspect of this program is that your company is not pooled with any other company. Your experience, your safety record, the success of your loss control programs result in lower costs that are tied directly to your performance. You select the deductible level that best suits your company.