What type of coverage should be obtained to cover claims that exceed the per occurrence limit in a self-insured workers' compensation plan?

In a self-insured workers' compensation plan, specific excess coverage is crucial for protecting against claims that exceed the per occurrence limit. This type of coverage specifically addresses large individual claims, providing additional financial protection once the self-insured retention or limit is reached.

When a claim surpasses the defined threshold set by the self-insured plan, specific excess coverage kicks in, ensuring that the insured party is not left vulnerable to substantial financial loss from one significant incident. This type of coverage is designed to mitigate the risk associated with catastrophic claims, which can have severe financial implications for a self-insured entity.

In contrast, options such as aggregate excess coverage focus on total losses over a period rather than individual claims, while standard coverage typically refers to regular insurance policies that may not adequately address self-insured arrangements. Thus, for a self-insured workers' compensation plan specifically looking to cover larger occurrences, specific excess coverage is the most appropriate choice.