What must self-insured employers do annually to maintain their status?

To maintain their status as self-insured employers, it is essential that they file a Self-Insurer's Annual Report. This report is a requirement established by the California Department of Industrial Relations and serves several important purposes. It provides detailed information about the employer’s self-insurance program, including its financial condition and claims experience. By submitting this report, the employer demonstrates compliance with regulatory standards, thereby assuring that they are adequately funded to cover any potential workers’ compensation claims.

Filing this report annually ensures that the employer continues to meet the necessary criteria to remain in good standing as a self-insured entity. It also allows regulatory bodies to monitor and assess the employer's ability to manage workers' compensation claims effectively, which is crucial for the protection of employees and the overall integrity of the workers' compensation system.