WORKERS' COMPENSATION TRUST OF ILLINOIS WCTI

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WCTI Presentation of Services Angie
Blakeney Senior Account Executive
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What is Self Insurance?

• Self insurance is a protected assumption of
  financial risk that enables an employer to
  increase control and stabilize insurance costs
  over time.
• The self insurance industry currently represents
  between 35 - 45 of the traditional insurance
  market place.

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WCTI Structure

• Loss Sensitive Funding - Members with Low Losses
  Experience the Greatest Savings
• Owned by the Members
• Governed by Board of Trustees
• Determine Rates
• Underwriting Criteria
• Vote on New Members
• Hire TPA
• Regulated and Audited by Illinois Department of
  Insurance

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WCTI Program Information

• Self-Insured Group that provides Workers
  Compensation for Illinois Manufacturers
• Established in 1981
• 120 Members
• 14.6 million Standard Premium
• Loss Ratio for Group 35
• Average Mod .84
• Average Standard Premium 119,620

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Sample Classes of Business

• Metal Goods
• Plastics
• Precision Parts
• Wire Goods
• Machine Shops
• Printers
• Food/Sundries
• Gear/Screw

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Distribution of WCTI Standard Premium Dollars
Unused claims dollars are returned to the
members.
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WCTI Eligibility

• Illinois Manufacturing or Related
• Minimum 30,000 Standard Premium
• In Business Minimum 5 years
• Good Workers Compensation History
• Minimal Chemical Exposure
• Group Health Coverage Required

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Reinsurance

• Safety National Casualty Corporation A
  (Superior)
• Self Insured Retention 550,000
• Aggregate 80 Annualized Standard Premium for
  Group

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Safety Risk Management Services

• Minimum 4 visits per year
• Representation at OSHA formal hearings
• Tiered Safety Audit (MSAP) w/Ergonomics as
  Emphasis
• Quarterly Train the Trainer and Task Force
  Meetings
• Training (English and Spanish)
• Employee Orientation
• Accident Investigation
• Forklift
• On-line Training

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Claims Services

• Designated Claims Rep
• Light Duty is Required
• On line Claims Access
• Case Management Nurses on Site
• Control over Claims
• No Paying Small Claims Out of Pocket

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Acceptance Process

• Underwriting Excess Approval
• Presentation of Quote to Insured
• 500 Loss Control Inspection
• Loss Control Committee Approval
• Board of Trustees Approval

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Why Self-Insure?

• Potential for Return of Contribution
• Decrease in Claims Cost
• Customized claims and loss control service
• Ability to exert control over claims
  administration process
• Elimination of uncertainty in primary insurance
  market
• 99 Retention Rate for WCTI

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• THANK YOU FOR YOUR TIME!