How CHC Works
CHC works alongside your insurance—not instead of it.
You still get coverage through a broker.
What’s different is how your premium dollars flow—and how risk is managed over time.
The traditional model:
- Your premium goes to insurers
- Claims go directly to insurers
- Premiums increase after claims
With CHC:
- Members work together
- A portion of your premiums, which you pay anyway, contribute to a shared fund
- That fund helps absorb claims from the deductible up to $250K, before your insurance kicks in
How it works: step by step
You pay your insurance premium
Just like you normally would
A portion of your premium, which you pay anyway, is set aside in a shared fund
This is the Self-Insurance Retention (SIR) Fund
If there’s a claim:
- You pay your deductible
- The SIR Fund covers the next portion
- Insurance only steps in after that
What is the SIR Fund?
The SIR Fund is a shared fund supported through member participation.
It acts like a second deductible, helping cover claims before insurance is involved.
It reduces the number of claims that impact your policy and future pricing.
Because fewer claims go to insurers:
● You’re less likely to see sudden premium increases
● More control stays within the sector
● Your costs start working for you—not just the insurer
Important to know
Being insured through another broker is not the same as being part of CHC.
To access the SIR Fund and its benefits, you must be enrolled in the CHC program—not just hold a standard policy.