Features of Empire's Alternative Workers Comp Programs
- Guaranteed Cost
- Retroactive Programs - “Retro Plans”
- High Deductible Programs
- Rate/Premium Deviations
- “Consent to Rate” Approvals
- Dividend or “Return of Premium” Plans
- Loss Control Assistance
- Expert and Fair Claims Management
- HR Services/Support
- Optional Benefits Administration – Obamacare
- Pay As you Go Options
- Optional Zero Premium Deposits
- Optional Payroll service including full tax remittance and compliance, 941's, W-2's
Commissions
Great Commissions – ranges from 6 to 10% of Workers Compensation premiums (commissions vary by risk, governing code and size of account)
Target Classes of Business For Alternative Workers Comp
- Manufacturing
- Artisan Contractors
- Heavy Construction
- Property Management
- Staffing
- USL&H
- Roofing
- Landscaping
- Demolition
- Excavation, Grading and Equipment
- Masonry and Concrete
- Painting
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- Swimming Pool Contractors
- Pool Plastering
- Gunite Contractors
- Framing and Carpentry
- Janitorial
- Residential Cleaning
- Residential Care
- Transportation
- Freight Handlers
- Warehouses
- In Home Care and Assisted Living
- Farming
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We Handle Risks for All States Except Monopolistic
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WV, WI
Alternative Workers Comp Target Market
- Accounts that wish to get out of a State Work Comp fund, a state “assign risk pool” or “insurer of last resort”
- Accounts are being Non-Renewed or cancelled by the “standard market” due to losses or exposure
- Any account that is headed to a State Insurance fund, “assign risk pool” or “insurer of last resort”
- Accounts that have X-Mods between 1.30 and 3.0
- Accounts with a credit mod but being Non-Renewed by current carrier due to heavy losses the prior year
- Lapse in coverages or accounts with No Prior coverage
- Tough class codes, multi-state exposure or adverse underwriting criteria
- Any combination of the above that makes the account difficult for the standard market to handle
- Tough Class Codes with some or all of the above criteria
- We will look at most any Class Codes from Clerical, to Manufacturers, Contractors, Health and Service to name few
Top Carriers
We have over 12 Carriers to work with including some of the highest rated AM Best Carriers in the country, including Hartford, AIG, Zurich, Argonaut, Amtrust, State National, Lumberman’s and many more..
Submission Requirements
- Acord 130
- 3 Years loss history
- Loss History Affidavit for accounts with Lapse in coverage or No Prior
- Explanation of claims over $20,000
- Experience Mod-Sheet
- The Supplemental for the Class of Work pertaining to the risk being submitted
(Click here for Supplementals)