Quarterly report pursuant to Section 13 or 15(d)

Self-Insurance

v3.19.3
Self-Insurance
9 Months Ended
Sep. 30, 2019
Self-Insurance  
Self-Insurance

Note 15 – Self-Insurance

The Company purchases workers’ compensation and general liability insurance under policies with per-incident deductibles of $250 thousand and a $4.2 million maximum aggregate deductible loss limit per year.

The components of the self-insurance liability as of September 30, 2019 and December 31, 2018 are as follows:

 

 

 

 

 

 

 

 

 

    

As of

    

As of

 

 

September 30, 

 

December 31, 

(in thousands)

 

2019

 

2018

Current liability — workers’ compensation and general liability

 

$

647

 

$

352

Current liability — medical and dental

 

 

688

 

 

607

Non-current liability

 

 

611

 

 

820

Total liability shown in Accrued expenses and other liabilities

 

$

1,946

 

$

1,779

Restricted cash

 

$

113

 

$

113

 

The restricted cash balance represents an imprest cash balance set aside for the funding of workers’ compensation and general liability insurance claims. This amount is replenished either when depleted or at the beginning of each month.