Workers' Compensation: Program Administration
The Protected Insurance Program for Schools (PIPS) was formed in 2003 to provide workers’ compensation reinsurance protection for public schools and community colleges throughout California. With more than $9 billion in covered payroll and 400 member agencies, PIPS is one of the largest joint powers authorities for risk pooling in the nation. Keenan & Associates specifically developed the PIPS reinsurance program to provide a long-term solution and rate stability for California schools.
The Program provides members with these benefits:
- Lowest Medical Cost Fee Schedule in the State (using the PRIME Network)
- Largest worker’s compensation insurance pool for K-12 schools and community colleges in California
- Complete Integration with the Educational Code
- Coverage form tailored for public schools
- Approved Medical Provider Network (MPN)
- Losses re-insured up to a consolidated 99% plus confidence level
This program is structured to provide the following unique characteristics:
- First Dollar Reinsurance
- Homogenous Risk Pool
- Dedicated Loss Control Services
- Catastrophic Coverage Limits up to $150,000,000
- Cutting Edge Claims Administration
- Broad Memorandum of Coverage
- No Exposure to Interest Rate Risk
- Competitive Rates
- JPA Management
One of the largest reasons for the success and financial stability of the PIPS program is through the aggressive claims handling. Keenan & Associates currently manages worker’s compensation claims for over 500 school districts in the State.
800.654.8102