Ideal Accounts and Appetite
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PRM targets firms with a guaranteed cost premium of at least $500,000, with increased program flexibility available for accounts exceeding $1,000,000 in premium.
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Most business classes are eligible, including multi-owner groups. PRM evaluates each submission on an individual basis to ensure the best program fit.
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Retention levels can be as low as $10,000 for qualifying accounts, offering clients more control over their loss experience and premium costs.
Coverage Highlights and Program Structures
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Retrospective Rating Plans: Designed for firms seeking premium flexibility and potential savings tied to actual loss experience. Available for accounts with a minimum guaranteed cost premium of $500,000.
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Large Deductible Plans: Ideal for firms with strong risk control practices wanting to retain more risk in exchange for lower premiums. Accounts typically start at a $1,000,000 guaranteed cost premium.
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Captive Solutions: PRM has access to established captive facilities and can also assist in forming new captives for qualified accounts. These structures are ideal for firms interested in long-term risk financing strategies.
Underwriting Requirements
Minimum Submission Requirements:
For Best Quote Consideration:
- Five years of currently valued loss runs (within 90 days of the effective date).
- Four years of aggregate payroll data.
- Current experience modification worksheet, if available.
- Detailed reports for any losses exceeding $50,000.
Territories and Market Access
This program is available in nearly all U.S. states, including AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, and WY.
As a non-admitted offering, PRM’s Large Account Workers Compensation program is ideal for accounts requiring flexible program structures not commonly available in the admitted market.
Why Work With Phoenix Risk Management?
Phoenix Risk Management offers deep expertise in the design and placement of complex workers’ compensation programs. With access to multiple carriers and a strong understanding of alternative risk transfer mechanisms, PRM helps agents customize solutions that balance protection and cost-efficiency for large employers. Whether your client is a multi-state construction firm with variable payroll or a large manufacturer looking to explore captives, PRM brings the tools and market reach to deliver competitive options.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Ideal accounts include firms with a guaranteed cost premium of $500,000 or more, especially those looking for flexible risk-sharing structures such as large deductibles, retros, or captives.
Is this a non-admitted program?
Yes, this program is offered on a non-admitted basis, allowing for greater customization and alternative rating options not available in the standard market.
What industries are eligible?
Most industries are eligible, including construction, manufacturing, logistics, and more. PRM also considers certain multi-owner groups on a case-by-case basis.
What is the minimum premium requirement?
Accounts should have a guaranteed cost premium of at least $500,000 to be considered, with some options starting at $1,000,000 for large deductible programs.
What documentation is needed to get a quote?
At minimum, a completed and signed ACORD application and PRM supplemental form are required. For best results, submit 5 years of loss runs, payroll history, and loss details.
Need help placing an account? Connect with a market specialist.