Understanding Underwriting: What Restaurant Owners Need to Know

Self-Insurance Podcast with Kaya Stanley

In this episode of the Self Insurance Podcast by CRMBC, host Kaya interviews Scott Gaffner, CRMBC's Chief Underwriting Officer, about the intricacies of workers' compensation self-insurance in California. With over 30 years of experience, Scott examines the advantages of self-insured groups, the importance of underwriting, and the common misconceptions about self-insurance.
He explains how self-insured groups offer lower costs and superior risk management compared to traditional insurance markets. Scott also sheds light on how self-insured groups are resilient to market fluctuations and provides insights into aligning members within these groups for maximum benefit. Join us for a comprehensive discussion on why self-insurance can be a strategic choice for large entities.
00:00 Introduction to the Self-Insurance Podcast
00:22 Meet Scott Gaffner, Chief Underwriting Officer
00:37 Scott's Journey into Self-Insurance
02:54 The Importance of Underwriting in Self-Insurance
04:53 Addressing the Risks and Benefits of Self-Insurance
09:15 Understanding Experience Modification (XMOD)
14:32 Flexibility in Underwriting for Self-Insured Groups
17:06 Navigating Market Conditions in Self-Insurance
18:17 Conclusion and Final Thoughts

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