In order to maintain your workers compensation self-insurance status you will need to meet these reporting requirements:
- Filing Quarterly Reports for Self-Insured Business (F207‑006‑000).
- As a self-insured employer, you must report claim costs and worker hours quarterly to L&I.
- Pay quarterly assessments based on claim costs and worker hours when submitting quarterly report.
- There are 2 reports you must submit annually to L&I:
- An audited financial statement prepared by an independent certified auditor within 6 months of a company's financial year end.
- Annual Report of Self-Insured Business (SIF‑7) (F207‑007‑000) showing the amounts of claim payments and reserves by March 1. This data is used by L&I to determine the surety requirement annually.
- Use SIEDRS to submit claims data monthly to L&I.
- See WAC 296‑15‑221 (www.leg.wa.gov) for additional reporting requirements.
Certification forms:
- Self-Insurer's Bond - Existing Liabilities (F207‑068‑000).
- Special Escrow Agreement (F207‑039‑000).
- Irrevocable Stand By Letter of Credit (F207‑112‑000).
- Only firms with a net worth in excess of $500 million.
- Self-Insured Employer Certificate of Excess Insurance (F207‑095‑000) (optional).
Read the Employers' Guide to Self-Insurance in Washington State (F207‑079‑000) to better understand employer requirements and responsibilities.
