FAQs

contact info

Our contact info

Location

66 Guild Street 512B, Great North Town.

Phone Number

(+44) 123 456 789 (+1) 234-567-9874

Email Address

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FAQs

Workers’ Comp Self‐Insurance Group FAQs

Membership & Eligibility

CRMBC was formed on December 1, 2004.​
As of October 2025, CRMBC has more than 230 members.​
There are approximately 580 locations operated by the affiliate members.​
Membership consists of many types of restaurants and food service-related companies, including fast food chains, fine dining, fast-casual, golf courses etc.
The minimum commitment is one consecutive full Coverage Year (January 1st to December 31st).​
Yes, there is an early cancellation penalty like with other forms of insurance.

Financial Performance & Stability

CRMBC’s annual premium is between $20 and $30 million dollars.
The group consists of a wide range of member sizes. The range is as low as $25,000 annually, to upwards of $2,000,000 annually.
​Since 2016, operating costs have averaged 48% of group revenue. Adding PATH as the new group administrator in 2023 this has been reduced by nearly 20% with current operating expenses at 41%. The group continues to implement cost-saving measures with a target of being under 40% within the next 18 months.
The Board of Directors has a mission to expand the group in a very controlled manner that will lead to the continued long-term success of CRMBC. The group currently uses Casualty Actuarial Consultants, Inc. for the required annual actuary report. This report is completed in March of each year for the preceding year. The group also uses Casualty Actuarial for a projection report in October of each year for rate and budget setting.
State regulations require actuarial posting at a central point estimate. The Board has decided to utilize a higher confidence level for financial reporting to create added margin and a safety net.
It is the group’s policy, consistent with regulations, to distribute certain information to past or active members only; however, the group may provide you with specific information that you require, prior to becoming a member.​
CRMBC provides financial information to active members. Prospective members that have expressed interest in becoming a member can obtain a summary of the financial information in order to assist in decision making.

Claims, Coverage & Risk Management

Regulations require California self-insured groups carry excess insurance at a retention limit of $500,000 per occurrence, unless OSIP approves a higher limit. Based on the strong financial position of CRMBC, OSIP has approved a retention limit of $1,000,000 for the group.
CRMBC only has claims liability exposure from 1/1/2016 to present. All prior exposure has been eliminated through loss portfolio transfers (LPTs).
The average loss ratio is averaging 51%. The group has made recent changes to include more aggressive claims management, with an expectation to reduce and maintain a loss ratio of 45% or better. Combined with the 41% operating expenses (Q #9), this leaves a comfortable 8% of premium for building surplus and buffer for the unexpected.
Yes, CRMBC has loss control services that assist members with safety in compliance, network resourcing, program development, loss analysis, and self evaluation accountability.

Assessments, Surplus & Member Returns

Yes. Nearly a decade and a half ago in 2012, CRMBC assessed its members to correct a deficit due to mismanagement by third-party service providers. The group’s Board of Directors immediately corrected the situation, hired new service providers, implemented strong oversight, operational, and financial controls going forward that have resulted in the CRMBC’s strength and large surplus today.
Assessments are a possibility just as are surpluses. The Board of Directors has put in place strong oversight, operational and financial controls and developed a large surplus to protect against the likelihood of future assessments.
Yes! Active members can receive surplus distributions for any policy year they were members as surpluses are declared by the Board of Directors and approved by OSIP.
Yes! CRMBC returned $7 million of surplus to its members for the 2022 program year.

Governance & Compliance

Yes. CRMBC currently carries Directors and Officers liability coverage.
PATH Alliance, CRMBC's group administrator, is the only California administrator to achieve SOC 1 Type 2 certification. This involves an independent audit of internal controls over financial reporting, assessed over a period of time to ensure operational effectiveness. For CRMBC members, this means enhanced assurance in the reliability and integrity of our administrative processes, reinforcing our commitment to transparency and excellence in managing your workers' compensation needs.
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