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My company has about 1,000 employees and underwrites its own insurance. They allocate a pool at the beginning of the year and anything that isn't used is writte
by wincy 10y ago
My company has about 1,000 employees and underwrites its own insurance. They allocate a pool at the beginning of the year and anything that isn't used is written off as profit at the end of the year. I don't know anything more specific than that, but our medium sized, successful company does do this.
- pnutjam 10y agoIsn't this usually coupled with some sort of insurance that covers a major cost overrun? That secondary insurance might get skyrocket if it gets hit repeatedly.