Self-Insured Group, Saves Best-In-Class Cannabis Operators, 30% on Workers Compensation Premiums

For over 16 years, a California Self-Insured Group (HISIG) has continued to prove that culture drives safety. As a result, organizations focusing on creating a healthy culture will characteristically have a safe work environment, resulting in lower claim frequency. 

This is why HISIG members pay worker's compensation premiums 20% to 50% below the market rate. Additionally, the group has paid an annual dividend of 7-10% for the last five years. 

HISIG was founded in 2005 for the home improvement industry and flower and plant nurseries. Five years ago, they added cannabis via Nine Point Strategies, and currently, the Group has over 250 member-owners and protects over 10,000 workers.

HISIG controls costs for cannabis operators as Workers' Compensation premiums begin to escalate.

Group Members receive service and support on claims and safety issues unavailable anywhere else – dedicated loss control, specialized training, immediate response on service requests, a dedicated claims team, and access to an employment attorney and an OSHA safety consultant.

On average, Group Members see pricing that is 30% less than the Guaranteed Cost Market, i.e., SCIF, Protective, Atlas, Benchmark, Berkshire Hathaway, Prefered Employers, etc. 

Over the last year, our group members saved well over one million dollars in work-comp premiums. (see chart)

Our recent success: Standard Work-Comp Market compared to Self-Insured Group.

Testimonials from Program Members:

• "Being a part of the work comp group allows our company to have the resources of a professional team of knowledgeable and dedicated staff to assist and guide us with all of our worker's compensation needs."
• "There is a huge difference, in terms of rate, between traditional insurance companies and a self-insured group. I see a return on my investment with the work comp group. I have a team dedicated to keeping my costs down."
• "The Group is comprised of like-minded business owners who want to stop generating large profits for insurance companies. In doing so, we are able to control our costs and manage our losses and liabilities. In turn, our worker's compensation costs are significantly lower."
• "After joining the Group, we learned of the many advantages of competent claims management. Just by actively managing the claims process, we noticed that minor incidents were resolved quickly and thoroughly to everybody's satisfaction.

Our program’s Membership is an elite collective of safety-driven employers. Members include prominent companies across the cannabis industry.

To see if your organization qualifies, email [email protected] or call 925-359-1472