Worker's Compensation Insurance for Arkansas nursing homes.


The Arkansas Self-Insurance Trust (ASIT) is an association of nursing homes and retirement living centers in Arkansas that was formed August 1, 1992 to self-insure for workers compensation insurance.

ASIT is governed by Rule 5 of the Arkansas Workers’ Compensation Commission and as authorized by Arkansas Code Ann. 11-9-404 and the Arkansas Workers Compensation Commission Self-Insurance Program.

Some of the many services ASIT provides for its member facilities include: administration, claims management, safety and loss control programs, post accident drug testing, annual payroll audits, actuarial evaluation and financial statements. We are continually striving to provide programs and educational seminars that will be beneficial to our members and help reduce claims significantly.

The Arkansas Self-Insurance Trust is administered by Midwest Risk Management Services, Inc.


Worker's Compensation Insurance
Worker's Compensation Insurance for Arkansas nursing homes.
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High Debit Mod

High-Mod Workers’ Compensation Programs

For risks with adverse loss history and a high or debit-Mod, we offer “A” Rated Workers’ Compensation programs with proven solutions to improve results.

This Program is available to risks  domiciled in the following states: AR,AZ,CO,GA,IN,IA,KS,KY,MD,MI,MN,MO,NC,NE,PA,RI,SC,TN,TX,UT,VA.

Submission Requirements

  • Completed Acord 130 (Workers’ Compensation Application)
  • Loss Runs:  Current year plus four prior years’, currently valued
  • Current E-Mod Worksheet
  • Narrative of all losses >$25,000
  • Completed Supplemental App (if applicable)

For more information on any of our programs, call 800-440-7475

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Excess Workers’ Compensation and Specialty Lines

Large Deductible Workers’ Compensation

A pre-curser to individual self-insurance, this workers’ compensation product gives the employer the opportunity to take on risk in the form of a large deductible, usually $250,000 or more; however state approval is not necessary.  A claims payment fund must be established and maintained by the employer from which the TPA draws funds to pay claims. Collateral is required in the event the insured cannot meet the claim payments.  This is often the first step taken by an employer in order to experience taking on risk prior to application to the state department of insurance for approval to become self-insured.

Individual Self-Insured Program

When an employer is willing to take on risk in the form of a self-insured retention (SIR) of $300,000 or more, they are individually self-insured. The risk should generate a minimum of $300,000 in workers’ compensation premium. Financials must be secure and pre-approval from the state department of insurance is required. Claims are handled by a Third Party Administrator (TPA) and some states require security in the form of cash or a surety bond as collateral.

Group Self-Insured Program

A Workers’ compensation insurance program where a homogeneous pool of like businesses and exposures form their own risk retention group is a group self-insurance program. Excess insurance is purchased on the same basis as an individual self-insured. Financial and actuarial analysis is required, claims are handled by a TPA and collateral may be required.

Loss Portfolio Transfers

The insurance carrier assumes all total outstanding liabilities of a self-insured for a specific time frame. This is a good tool for the insured to convert all liabilities into a fixed payment; potentially release of collateral with the state; and improve their balance sheet.

Surety Bonds

Surety Bonds are a means of providing collateral in the event the insured is financially unable to pay workers’ compensation claims.

Retro and Loss Sensitive Funding Programs

A workers’ compensation program where the initial premium is an estimate based on loss experience for a policy period. The actual premium calculation is performed at the end of the policy period. The result can be an additional premium due or a refund based on the insured’s loss experience compared to the initial estimate.

For More Info on any of these products, call 800-440-7475

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