High-exposure or hard-to-place workers’ compensation account management needs finesse. These accounts need to be treated as custom or “specialty-niche”
programs instead of the industries normal “big-box” approach. Typically the
tougher classes (premiums larger than $150,000) do not benefit from this type
of policy delivery or management solution. They seek
custom plans with lower
costs because in these industries their budget is the major factor.
The issue lies in your hands as their agent and representative,
to find a policy that fits within their budget and provides the proper coverage.
Unfortunately, things like “severity potential” and class push their premiums
so high that your client has to cut costs that effects their company's financial future!!
What do you do?
Like I said, it is your responsibility to your client to
look at all options available for those hard to place workers compensation
accounts. U.S. Risk Insurance Group, Inc. can help you with these accounts. We offer
premiums starting at $5,000 with no maximum for hard to place risks with high
experience mods (showing signs of recuperation). We can help small business,
middle markets, and specialize in security guards, all types of construction, health
care and transportation.
Visit our CompleteMarkets hard to place workers compensation
storefront for more information. Or contact us today to see what we can to do
help your clients.
For more information come and connect with me on CompleteMarkets.com for weekly updates or visit our storefronts below:
Hard to Place Bank Insurance
Hard to Place Workers Compensation
Hard to Place Workers Compensation (eQBE and QBE)