About ASIT

The Trust provides workers’ compensation coverage for nursing home employees and owners/administrators. By participating in ASIT you will receive the following benefits:

MONTHLY INSTALLMENTS

ASIT provides a low down payment and monthly installments on the remainder of the premium due over the term of the policy year. This maximizes cash flow for the nursing home.
 

CLAIM SERVICES

A third part administrator (TPA) contracts directly with ASIT and acts at your direction. Within 48 hours of receipt of the First Report of Injury the TPA will contact the employer and investigate the claim to determine compensability. If this is a lost time claim, the TPA will contact the employer, the employee and the physician. This will facilitate communication and understanding of the claim. The claims adjuster is always available to discuss any questions or problems you may have with a claim.

MONTHLY LOSS REPORTS

Each member will be provided with monthly loss reports detailing the facility’s claims activity. These reports will keep the Member informed of the status of claims as they develop.

LOSS CONTROL SERVICES

ASIT provides each facility with an annual on-site loss control visit. The Loss Control Consultant will survey your facility and operations and will assist you in controlling your losses.

SAFETY PROGRAM

ASIT emphasizes the importance of a Safety and Loss Control Program that is aimed at risk identification, risk analysis and loss prevention. Our Safety Program is a customized approach that provides motivation and incentive programs for the employees and promotes team participation and pride in the workplace.

DIVIDENDS

ASIT collects premiums to cover expenses and losses only. Any profits generated by the Trust are kept in an investment account and will be returned to you, the Member, as dividends when all claims are paid. The ASIT Board of Trustees has declared dividends for each of the fund years. Dividends paid through November 2010 for fund years 1992 through 2007 are in excess of $20 million.

ACCOUNTING

Audited financial statements, certified actuarial reports, payroll audits and all other account functions are provided for Members of ASIT. This will provide the Member with a high degree of confidence in the strength and stability of ASIT.