What We Do
The Larkin Company helps employers explore the advantages and savings that result from self-insuring short-term income replacement programs. By self-insuring, the employer takes complete control over the benefit and funding design as well as the processes. From initial concept through implementation and claims administration, we're experts.
Why Self Insure Your Short Term Disability Plan?
Self-insurance is a very popular funding tool used by many companies to control the cost of employee benefits. It is particularly attractive because, in most circumstances, the losses are easily forecast and are paid out over time.
In some instances, employers are already self-insured in that they continue to pay a portion of the employee's salary through payroll while the employee is disabled. This may be in accordance with a formal company policy, e.g., "salary continuation," or an informal payroll practice. In either case, companies are often interested in obtaining professional medical management for the disability. The Larkin Company provides medical management and adjudication of such disabilities and can either issue benefit payments directly or provide the employer with advice-to-pay.
With The Larkin Company, Plans are designed and administered to meet individual client needs. We provide interested companies with a comprehensive Feasibility Study to determine if self-insurance is a good alternative.
The Larkin Company are experts in:
