PROGRAM ATTRIBUTES

In Regions: Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Louisiana, Maryland, Mississippi, Nevada, New Jersey, New Mexico, New York, North Carolina, Oklahoma, Pennsylvania, Tennessee, Texas and Virginia

Program Attributes (vary by state)

High Hazard Workers’ Compensation Solution

The best prospective risks for this program is those insured’s who have no option other than each states respective insurance fund. The “key benefit” of this program is the “significant hard dollars saved.” Ideal insured’s will save an amount equal to 2% to 10% (sometimes even greater) of their annual gross payroll. For example, if the insured’s annual payroll is $1,000,000, their savings could be between $20,000 and $100,000 for the year. Another notable feature of this program is that it has “low start up costs.” The insured pays only a small $1,000 policy fee plus nominal broker fee to initiate this “pay as you go” program. The policy fee and broker fee is substantially lower than the policy deposit of most traditional workers’ compensation programs. Clients faced with large deposits will experience immediate “cash flow” benefits with lower out-of-pocket expenditures.

  Program Attributes California New York
  Minimum Experience Modifier: Over 1.0 Over 1.0
  Minimum Expected & Renewal Premiums: $40,000 $50,000
  Approximate Unmodified Class Code Rate of
Governing Class Code:
$10.00 +/$100
in Gross Wages
N/A
  Minimum # of FT Employees: 15 within High Rate
Governing Codes
15 within High Rate
Governing Codes
  Minimum Wages: $26,000/Employee $26,000/Employee

 

  Examples of Ideal Risks
California

New York
  Heavy Construction Manufacturing
  Manufacturing Food Processing / Bakeries
  Food Processing / Bakeries Cold Storage
  Cold Storage Janitorial / Property Mgt. / Residential Cleaning
  Janitorial / Property Mgt. / Residential Cleaning Trucking / Transportation / Furniture Movers
  Trucking / Transportation / Furniture Movers Hospitality
  HVAC / Sheet Metal Drivers
  Masonry / Landscaping Warehouse Operations
  Seasonal Operations (Advised Upfront) Seasonal Operations (Advised Upfront)
  Electrical / Plumbing / Painting Retail / Wholesale
  Warehouse Operations Artisan Construction (Request Acceptable Codes)
  Staffing  

 

  Exclusions
California

New York
  Towing Staffing
  USL&H Exposure Towing
  Hazardous Material Handling USL&H Exposure
  Greater than 25% Use of Part-Time Labor Hazardous Material Handling
    Greater than 25% Use of Part-Time Labor

Offering High Deductibles

• $50,000 to $250,000 with affordable Collateral
• Successful Deductible Program with Mod’s under 1.0