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Workers Compensation Programs

Author DavidMalloy , 10/17/2016
At PMC we can provide your agency access to a wide range of markets to better service your clients. Our Markets cover a broad appetite for accounts with favorable loss experience over $75,000 such as Construction, Healthcare, Hospitality, Manufacturing. PMC can offer guaranteed cost, retros and large deductible options.

New Jersey Agents - Access Top-Rated Carriers

Author DavidMalloy , 10/5/2016
For the past 20 years, PMC has been developing one of the
Broadest Underwriting Appetites in the Industry. If it's Guarantee Cost, Loss Sensitive or Alternative Markets, PMC has the expertise and market connections to find your Solution!

PMC supports Kids Chance

Author DavidMalloy , 6/13/2012



Kids’ Chance of Virginia was founded in 2011 by a group of companies involved in the Virginia workers compensation market. The goal was to build on the success of state chapters in other states who are actively awarding college scholarships to deserving children whose family have been greatly impacted by workers compensation related injuries.

Kids’ Chance of Virginia is unique in that all facets of the industry can participate together in a worthy cause. This includes both insurance companies and self-insurance groups, as well as attorneys, medical providers and industry vendors - such as claims, loss-prevention and audit service companies. Kids’ Chance of Virginia provides a valuable outlet for cooperation to allow children of injured Virginia workers the opportunity to pursue their education goals.

The first Kids’ Chance organization was founded in Georgia in 1998. Virginia’s chapter is the newest and welcomes new members looking to contribute or participate. For more information, click here.

Kids’ Chance of Virginia is a registered 501 ( C ) 3 Non-Profit Organization.

Our unique Social Services Program

Author DavidMalloy , 5/28/2012
The Social Service industry currently employs over 1.6 million employees through 94,000 establishments. Over the next 10 years this industry is projected to grow 40%, making it one of the fastest growing industries in the economy.

PMC Insurance Group is offering a broad Workers’ Comp Program to address this growing industry

Target Classes/Operations:

  • Sheltered Workshops
  • Residential Programs
  • Drug and Alcohol Rehab and Counseling
  • Children and Family Services
  • Counseling Services
  • Vocational Rehabilitation Services
  • Day Care Centers
  • Crisis Centers
  • Class Codes 8832, 8836, 8837, 8861, 8864, 8868, 8869, 9059, 9101, 9110
  • State specific and other incidental classes are eligible

Program Parameters:

  • Minimum premium $2,500
  • Available in all states, except AK & HI
  • Start-ups Eligible
  • Guaranteed Cost
  • Loss Sensitive/Deductible programs for larger accounts
  • Admitted A- or higher Rated Carriers

Submission Requirements:

Have a question about this topic? Ask the Expert

NCCI Portrays a "Conflicted" Workers Compensation Industry

Author DavidMalloy , 5/21/2012
From :

NCCI today released its annual State of the Line workers compensation market analysis, describing the current state of the market as "conflicted." This year's report indicates that the workers compensation calendar combined ratio was 115 in 2011, the same number as in 2010.

"NCCI has observed a number of countervailing indicators in current industry conditions," said NCCI President and CEO Steve Klingel. "In some ways, we are seeing an improved condition from 2010. By other measures, however, the market remains in a worrisome state. In sum, we see a market that is conflicted as to its forward trajectory, and that makes for a challenging environment."

"Workers compensation, because of its direct connection to employment and the labor markets, has been the property/casualty line most significantly impacted by the continued difficult economic environment," added NCCI Chief Actuary Dennis Mealy. "Combined ratios remain at unsustainably high levels, and investment returns are not sufficiently high to generate operating returns near the cost of capital. On the more positive side, the growth in written premium provides strong support that the worst of the recession has passed. Additionally, the industry is well capitalized for the future."

As reported above, the workers compensation calendar year combined ratio for private carriers was 115 in 2011, the same result as in 2010. Not only did the overall combined ratio hold steady, all of the underlying components were also remarkably stable. However, for the third straight year, workers compensation holds the distinction of having the highest combined ratio of all the major commercial lines.

In terms of premium (including state funds), net written premium increased to $36.3 billion in 2011. This 7.4% increase in premium is the first increase since 2005, and a welcome shift following the cumulative 27% decline in premium from 2006–2010.

Other market indicators/trends highlighted in NCCI's 2011 State of the Line report include:
 • NCCI estimates that the combined ratio for private carriers for Accident Year 2011 is 114—down 2 points from 116 in 2010. 
• The private carrier reserve position continued its modest deterioration in 2011—for the fourth consecutive year. NCCI's estimate of the reserve position for the private carriers as of year-end 2011 is an $11 billion deficiency. 
• Since 2006, NCCI loss costs generally declined; in contrast, so far in 2012, loss costs have generally increased, with NCCI loss costs up 2.5% on average and countrywide bureau loss costs up 7.8%. The increase in 2012 is mostly due to a large increase in bureau loss costs in California. The increases in NCCI states have been attributable to a number of factors, including longer claim durations and upward pressure on claim frequency. 
• Lost-time claim frequency improved in 2011. After increasing 3% in 2010, claim frequency in 2011 declined 1% on average in NCCI states. NCCI research last year indicated that distortions in the data resulting from the recession and subsequent recovery affected our measure of claim frequency; current research indicates that those distortions continue.  
• In 2010, the average indemnity cost per lost-time claim decreased by 2.8%. In 2011, the average change was still a very modest increase of 2%.  
• The average medical cost per lost-time claim showed similarly favorable results. In 2010, the average cost per claim was just 1.3%, while in 2011 the increase was 4.0%. These are the lowest increases in average claim costs since the early 1990s.
• Although investment yields remain low, investment gains for the workers compensation insurance industry remained strong in 2011. Investment gains as a ratio to premium held at 14% of premium, higher than the average return of 11.6% that the industry earned from 2001–2010. ?
• Although the investment gain has improved, combining the underwriting loss with the large investment gains, the result is a pretax operating loss of 1% for the industry in 2011. This is the third consecutive year of near-zero operating gains. 
• The combined ratio of the residual market pools also increased slightly, from 120 in 2010 to 121 in 2011. At this time, the pools are quite small, so individual losses and states can have a disproportionate impact on the combined ratio. 
• Depopulation of the residual market ceased in 2011, reversing the trend of declining residual market premiums that began in 2005. Premiums grew by 13% in 2011 to approximately $509 million. Overall, the market share of the residual market pools serviced by NCCI for 2011 increased from 4.6% to 5%.  

Looking Ahead

NCCI's current analysis shows that the combined ratios for workers compensation remain at unsustainably high levels, and investment returns are not high enough to generate operating returns near the cost of capital. And, although claim frequency declined in the latest year, it is unclear whether it is yet returning to its long-term downward trend.

On the more positive side, the growth in written premium provides strong support that the worst of the recession has passed. Additionally, the industry is well capitalized for the future.

Moving forward, NCCI will continue to closely monitor trends and developments in claims frequency, an uncertain underwriting cycle, the as-yet-unknown impact from healthcare and financial services reforms, including the Federal Insurance Office (FIO), and new efforts to introduce alternatives to workers compensation.

The entire NCCI State of the Line presentation can be found at 

For more information about NCCI's State of the Line report, please visit or contact NCCI Media Relations Director Gregory Quinn at 607-723-7878 or

NCCI is the nation's most comprehensive source of workers compensation insurance information. We gather data, analyze industry trends, and prepare objective insurance rate and loss cost recommendations. These activities, together with our research, analytical services and tools, and overall commitment to excellence, help foster a healthy workers compensation system. Visit

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Phone: 1-877-PMC-COMP| (781)-449-7744
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Home health care is one of the most profitable franchises

Author DavidMalloy , 5/18/2012


WASHINGTON – A new report lists home health care as one of the top five most profitable franchises in the U.S., even as the industry fights new Department of Labor rules calling for mandatory overtime and minimum wage requirements for home health employees.

Franchise Business Review, a market research firm, found that the median amount paid for a new franchise in 2012 was about $66,000, and the "potential return on investment is significantly higher than many other franchise businesses."

The company surveyed home care owners two years ago and found the fairly new industry was growing fast, but this report, company President Michelle Rowan said, shows it's not just a trend. "It's a very strong business," she said. "It was neat to come back two years later and see that they're still performing well."

The surveys also showed owner satisfaction was high.

"In senior care, they're more involved in the day-to-day operations," Rowan said. "That's opposed to someone who owns a fast-food franchise who might be dealing with lower-end employees who make $10 an hour. Many home care givers are "doing what they want to do for the rest of their lives."

The survey, released last week, showed top franchises grossed $1 million or more, with gross margins at 30% to 40%. As a comparison, opening a food or retail franchise can cost $500,000 in initial investments while operating with slim margins.

The report found owners kept their costs low by operating out of their homes, and that the economy did not affect the industry as much as others because the number of seniors needing care continues to grow. Rowan said more families have adults who both are employed, so there's no one to stay home with an aging parent.

Home care representatives have appeared before Congress to argue that overtime pay would force them to charge seniors more — and that home care workers already make minimum wage and above.

One of the industry's leading companies, Home Instead Senior Care, spent at least $362,000 in 2011 fighting the proposal.

Sheila McMackin, president of the National Private Duty Association, said her group has asked the Labor Department to consider that home care often includes overnight care, and seniors won't be able to afford that if workers receive overtime.

And, she said, industry numbers have shown revenue growth has gone down overall since 2009.

Net profits, she said, typically average 12% to 15%. New companies average first year revenue of $248,000, she said.

But Dorie Seavey, director of policy research at the Paraprofessional Healthcare Institute, an employee training and advocacy group, said that 15 states already require overtime payment and minimum wage for home health workers, and that the businesses in those states are still making a profit.

And, according to a 2009 National Private Duty Association survey, businesses charge clients twice as much as they pay employees. She said there's not enough overhead to justify not paying employees more.

"I find it really hard to reconcile that one of the most profitable sectors is pinching pennies when it comes to workers," Seavey said.

The Department of Labor received 26,000 comments about the proposed rules, three-quarters of them positive, she said. The department now will decide if any changes need to be made and then send the rules to the Office of Management and Budget, where the rules will be made official. Seavey said she hopes that will happen by the end of summer.

Operating in the Continental US!

Phone: 1-877-PMC-COMP| (781)-449-7744

Email PMC | Visit our website