In 1964, the Stone Jean Company (STC) started with a small jean line for men and women. By 1980, the product line offering expanded to fragrances and personal care items. STC never had an internal insurance manager and instead worked closely with their insurance broker and insurer loss control department. These services did assist with controlling losses but they were offered with an additional fee. Recently, a decision was made to hire a CRO. The CRO completed a full review of STC's insurance and losses and determined that the loss frequency and severity was very favourable, with a loss ratio below 25%. The CRO further determined that this finding could best facilitate increased use of a self-insurance plan because of: Group of answer choices Control over loss control Tax advantages of self-insurance Long-term cost savings Control over claims