What Federal Contractors Need to Know about Self Insurance (Part 3)

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As insurance premiums continue to rise rapidly, many contractors are opting to self-insure. While this may seem like a grand idea, there are stipulations that should be carefully studied and applied prior to implementing such a plan. Part one of this blog series advised that, in order to maintain a self-insurance plan, a contractor must first provide a written proposal to an administrative contracting officer (ACO) and obtain approval for the plan. Part two of this blog series focuses on determining that the self-insurance costs incurred are properly classified as allowable or unallowable depending on the reasonableness …read more

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