NATIONAL SECOND INJURY FUND RECOVERIES

Alternative Risk Concepts, Inc.’s (ARC) services include a national second injury fund recovery program that transforms a fragmented state-by-state, office-by-office approach into a centralized process that saves clients millions of dollars.

Most workers’ compensation insurers do not have internally centralized second injury fund recovery programs even though coordination and centralization are critical for optimizing national second injury fund recoveries. Without a coordinated program, the typical insured may suffer an annual loss of millions.

Workers’ compensation insurance adjusters do not have the time or expertise to aggressively pursue second injury fund claims in most jurisdictions. ARC’s units are dedicated to certain jurisdictions. These jurisdiction-specific units focus solely on preparing and pursuing second injury fund recoveries. The result is increased recovery dollars that often drop reserves and augment the client’s bottom line.

Spurred by the harsh reality of the workers’ compensation financial environment, claims managers and executives turn to us to capitalize on these programs for which they are annually assessed millions of dollars, making this a form of reinsurance. Unlike many insurers, we have the ability to track and report on aggregate recoveries.

ARC serves the following states, which have the most active and viable second injury funds:

Other states offer more limited, sometimes retroactive opportunities. Let ARC perform a no-risk internal audit to evaluate the effectiveness of your second injury fund recovery process. There is no charge if ARC does not identify missed or existing recovery opportunities.

Should you have any questions, please contact Kenneth Paradis at (866) 261-1941, ext. 18.