small deductible plan
A small deductible plan is a cash flow workers compensation insurance option that allows the insured to retain a portion of each loss through a small deductible and to transfer onto an insurer losses in excess of that deductible.
Additional Information
The advantage for the insured is a premium cost savings, and the insurer also handles losses falling below the deductible and bills back these costs to the insured. This program is allowed in most jurisdictions with the majority of small deductible plans applying to both medical and indemnity (lost-time) claims.
