Legal structure and organisational forms of private risk carriers

Workers' compensation insurance coverage is offered in different forms in markets with private participation.

The most common forms are:

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  Mutual insurance Companies and Public limited Companies (Both can operate on a monoline or a multiline basis
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  Individual self-insurance and captives (If permitted by law, self-insurance plans are set up by employers with large numbers of employees and substantial costs for workers' compensation benefits)
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  Self-insurance funds (Self-insurance can also be organised on a collective basis by employers, e.g. in the same area or the same type of industry)
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  Life and non-life public limited companies

Analysing the picture in more detail it becomes clear that private risk carriers are usually not the sole providers of workers' compensation coverage on the market, but they cooperate or compete with state-run carriers or institutions.