Members of FASIS share in all workers' compensation risks, as well as enjoy the benefits of reduced workers' compensation costs for providing pooled coverage for injured employees. Comprehensive first dollar workers' compensation coverage is offered to members. FASIS self-insures the first $500,000, and through participation in the Local Agency Workers' Compensation Excess Joint Powers Authority (LAWCX), members are afforded excess coverage from $500,001 to statutory limits for each occurrence. Through the joint purchase of services including claims administration and oversight, financial and claims audits, actuarial, loss and risk control, and legal services, members are assured FASIS remains a solvent and viable solution to costly commerical insurance.
FASIS contracts with Bickmore, a firm specializing in the management of joint powers authorities, to handle the day-to-day operations of FASIS. Bickmore's employees provide general administration, financial management, underwriting, loss prevention, claims management oversight, litigation management, risk management, and other services as necessary for the operations of the organization.