SACRAMENTO, Calif., Feb. 8 /PRNewswire/ -- The Home Improvement Self-Insured Group (HISIG), a California Workers' Compensation program for home improvement and retail employers, has reported today a 73% increase in membership in 2009 in advance of its annual meeting in Rancho Mirage on February 12. The HISIG Board of Trustees will report a strengthening financial position driven by a 45% reduction in the length of serious work injury claims and the introduction of a nurse triage program to assist employees immediately following an injury.
Garth Smith, owner of Dale Hardware in Fremont and the Chair of the Board of Trustees, sees a period of significant growth ahead for the California Work Comp self-insured group.
"We really saw improvement this year in our ability to prevent work injury claims and manage costs. Home improvement retailers are fighting to be competitive in this tough economy. This year we were able to lower costs for members of HISIG so they could invest in their companies and their employees. The programs we introduced in 2009 for nurse triage and rapid claims response are continuing to drive strong outcomes. We expect expanded membership and larger surpluses in 2010."
The annual meeting for the group at the Agua Caliente Resort in Rancho Mirage will feature expert presenters on employment law, Workers' Compensation claims issues and 2010 legislation. Advance registration for the meeting points to a 300% increase in attendance over prior years.
The Home Improvement Self-Insured Group began operations in December 2005. HISIG is a California Workers' Compensation program approved and regulated by the Office of Self-Insurance Plans, Department of Industrial Relations. All Workers' Compensation self-insured groups in California are required to maintain claims reserves at a level that is 50% higher than is required for insurance companies.
CHSI joined HISIG as program administrator in April 2009. HISIG currently has 76 members and over $40M in covered payroll.
SOURCE The Home Improvement Self-Insured Group
|SOURCE The Home Improvement Self-Insured Group|
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