Our goal is to provide a stable Workers’ Compensation insurance market for carefully selected brokers that provide a high level of expertise and customer service for their clients. We’ll consider risks in designated Target Industries that have operations considered low to moderate in hazard. Higher hazard risks may be considered on an individual basis.
Applicants will generally be considered within our underwriting appetite if they meet the following criteria:
- Have an estimated annual manual premium of between $2,500 and $400,000. For Construction risks, the minimum estimated annual manual premium required is $5,000. Minimum estimated annual manual premiums for all other industries may vary from $5,000 to $50,000 depending on class code
- Seek a guaranteed cost product
- Have operations in approved states
- In business for the last 3 years with at least 3 continuous years of prior Workers' Compensation coverage
- New ventures to be considered on individual risk basis if ownership has at least 3 years experience in same business
- 75 or fewer employees at a single location at the same time
- More than 75 employees will be considered on an individual risk basis
- Currently have an experience modification from .60 to 1.50. Exceptions to this can be made by special request only and must be approved by Underwriting
- Have a three year loss ratio of 70% or less and a 3 year claim frequency of less than 2 claims per $15,000 in premium. Any incurred losses of $25,000 or more requires a detailed description
- No height exposures greater than 3 stories (45 feet) or underground exposures greater than 10 feet
- Use of subcontractor labor must be 50% or less
- Two or fewer cancellations for nonpayment of premium in the last year
- Direct Bill premium payment options