An integrated risk finance program is a risk finance program that combines two or more different approaches to risk finance into one common program. In general, workers’ compensation insurance uses comprehensive insurance so that the most cost-effective program in each state can be used for the benefit of the insured. For example, in State A an insured may have a risk large enough to qualify as a self-insurer, while the requirements in State B may be such that another type of risk financing program is preferable.