About Us
The Preferred Transportation Self Insured Group is a state-approved self-insurance group that allows qualified companies in the transportation, warehousing and automotive service industries to join and participate in a risk-sharing pool to provide Workers’ Compensation coverage.
About Nevada Self-Insured Groups
CHSI designs and manages the Preferred Transportation Self-Insured group in Workers’ Compensation to deliver premium value to Nevada transportation employers at a wholesale cost. Self-insured groups are cooperatives – members pool the money they would typically give to an insurance company so they can have greater control over how that money is used. While insurance companies profit from the money they receive from the companies they insure, PTSIG takes those dollars and makes them work for the employer member.
CHSI creates programs to bring competitive advantages to the smaller employer that they would not normally have. Whether it is professional nursing support on every claim or one of a kind technology for businesses, CHSI looks to increase profit margins for its clients through Workers’ Compensation programs. A well designed self-insured group will insulate employers from dramatic pricing increases in the insurance marketplace, as well as the additional long term costs that result from poorly managed work injury claims.
Self-Insured Programs Versus Traditional Insurance Companies
Insurance companies may not always have the same incentives as employers. For example, insurers can earn more money when claims stay open longer because they make their greatest revenue from investments. However, insurance programs can be a better choice for some employers who are not comfortable sharing risk. It is important for every employer to understand that whatever form of coverage they choose, it is claims that will drive their long term cost, so they should look for the best program available. Claims can deprive a company of talent and delivery capability, leading to lost revenue, and increase operational expense. A successful Workers’ Compensation program will make a business more competitive.