Rocky Road Construction is looking at risk financing options for their workers' compensation insurance. The two types of programs that they are considering are individual self-insurance and a large deductible program. All of the following are advantages of implementing a large deductible plan rather than self-insurance EXCEPT
a. higher startup costs.
b. no need for regulatory approval.
c. no need to meet state and insurer financial requirements.
d. certificates of insurance that are easier to provide.