Monarch Partners Group LLC (MPG) has been delivering specialized workers' compensation solutions to agents and brokers nationwide for over 25 years. As a seasoned program administrator, MPG focuses on high-risk and hard-to-place industries, with a strong emphasis on the construction sector.
Construction companies often face challenges due to higher cost class codes, elevated experience mods (Xmods), and large premium requirements. MPG is uniquely positioned to help you place these complex accounts through innovative programs that offer flexibility, competitive pricing, and broad underwriting expertise.
Ideal Accounts and Appetite
MPG’s Construction Workers' Compensation Insurance program is ideal for:
- High-risk construction businesses with premiums of $50,000 or more
- Accounts with high debit Xmods or adverse loss histories
- New ventures or operations with prior coverage lapses
- Clients exiting or not utilizing PEO services
Common examples include roofing contractors, framing crews, excavation companies, and general contractors with multi-state operations. If you have a distressed risk with a complex claims history or a higher-than-average Xmod, MPG can help you find the right fit.
Coverage Highlights and Program Features
One of MPG’s most sought-after offerings is the Payroll Opt-out Work Comp Program (POWC). Designed for larger construction accounts with a minimum premium of $100,000, this program allows insureds to:
- Participate in a master workers' compensation policy
- Opt out of payroll and tax processing services
- Handle payroll internally using their own systems and bank accounts
- Pay premiums on a pay-as-you-go basis for improved cash flow
- Avoid year-end premium audits
The POWC structure can result in favorable Xmods, better overall pricing, and included risk management services—all without the administrative burden of traditional models.
Additional Program Benefits
- Access to “A” rated carriers
- All states coverage available
- Broad class code acceptance
- Quick quote turnaround
- In-house underwriting capabilities
- Tailored risk management services
- Options for guaranteed cost or deductible programs
- HR, payroll processing, and payroll funding available when needed
There are no Xmod or loss ratio restrictions, and midterm enrollments and coverage lapses are acceptable—providing greater flexibility for agents working with distressed accounts.
Underwriting Notes and Submission Requirements
To get started, submit the following:
- ACORD 130
- Three years of currently valued loss runs (preferably summarized)
- Current policy declaration and rating pages (or PEO rate/code info)
- Current Xmod sheet
- Any relevant information to help assess the risk
Territories and Availability
This program is available in most states, including but not limited to: CA, TX, FL, NY, GA, IL, PA, and AZ. MPG offers national reach with state-specific underwriting flexibility to help you place accounts across a wide range of jurisdictions.
Why Work With Monarch Partners Group?
MPG brings decades of experience in the workers' compensation space, particularly in high-risk segments like construction. With access to multiple markets, in-house underwriting, and flexible program structures, MPG is an ideal partner for agents and brokers seeking to place challenging or complex WC accounts.
Whether you’re looking to help a contractor with a poor claims history or seeking better pricing for a large operation, MPG’s tailored solutions and responsive service can help you deliver value to your clients.
Frequently Asked Questions
What types of construction risks are a good fit for this program?
High-risk construction classes such as roofing, framing, excavation, and general contracting with premiums over $50,000 are ideal. Accounts with high Xmods or prior losses are also considered.
What is the minimum premium requirement for the POWC program?
The Payroll Opt-out Work Comp Program requires a minimum premium of $100,000.
Can clients keep their own payroll systems with this program?
Yes. The POWC program allows clients to opt out of payroll and tax services, letting them use their own systems and bank accounts while still benefiting from favorable WC program terms.
Is this program available in all states?
Yes, coverage is available in most states nationwide. MPG supports placements across all major jurisdictions.
Are new ventures or clients with coverage gaps eligible?
Yes. MPG considers new ventures and accounts with prior lapses or midterm submissions, offering flexibility for hard-to-place risks.
Need help placing an account? Connect with a market specialist.