Monarch Partners Group LLC (MPG) offers a specialized Healthcare related Workers' Compensation Insurance program designed to meet the unique needs of high-risk and hard-to-place accounts across the healthcare sector. With over 25 years of experience delivering both standard and alternative workers' comp solutions nationwide, MPG is a trusted wholesale broker for agents and brokers seeking competitive, flexible options for complex risks.
Ideal Accounts and Appetite
MPG focuses on healthcare industry risks that are often challenging to place due to factors like high Xmods, elevated class codes, and larger premium thresholds. This includes operations such as home health agencies, nursing homes, outpatient clinics, rehab centers, and other healthcare providers with minimum premiums of $50,000 or more.
Risks that benefit most from MPG’s programs typically include:
- Accounts with experience mods above industry averages
- Healthcare businesses with prior claims or loss history
- Firms operating in multiple states
- New ventures and businesses with lapsed coverage
If you have a client operating a multi-location home health agency with a history of workers’ comp claims and a high Xmod, this program could provide a competitive and flexible alternative to standard market options.
Coverage Highlights and Advantages
One of MPG’s standout offerings is the Payroll Opt-Out Work Comp Program (POWC), designed for larger healthcare risks with a minimum premium of $100,000. This unique structure allows insureds to:
- Opt out of payroll and payroll tax services while maintaining WC coverage
- Retain their own payroll systems, tax IDs, and bank accounts
- Leverage MPG’s master WC policy and favorable Xmod
- Pay premiums on a “pay-as-you-go” basis for improved cash flow
- Avoid year-end premium audits
Additional program features include:
- Access to “A” rated carriers
- Broad class code acceptance
- Guaranteed cost and deductible options
- No Xmod or loss ratio limits
- Acceptance of midterm and lapse-in-coverage accounts
- HR support, payroll funding, and tailored risk management services
Underwriting Notes and Submission Requirements
To facilitate quick quote turnaround, MPG offers in-house underwriting on many submissions. Standard submission requirements include:
- ACORD 130 application
- Three years of currently valued loss runs (preferably summarized)
- Current policy declaration or rating pages
- Xmod worksheet
- Any additional information that helps explain the risk
Territories and Availability
MPG’s healthcare workers’ compensation solutions are available in all 50 states, including DC. Whether your client is in California, Texas, Florida, or New York, MPG can work with you to find the right fit.
Why Work With Monarch Partners Group
MPG brings deep expertise in placing high-risk healthcare accounts and offers flexible, tailored programs that other markets may not accommodate. With access to a broad range of carriers, in-house underwriting, and a focus on agent support, MPG is a strong partner for brokers navigating complex workers’ comp placements.
For more information, visit the Monarch Partners Group LLC company profile or explore the Healthcare related Workers' Compensation Insurance program.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Healthcare operations with high-risk profiles, high Xmods, prior losses, or complex payroll needs—especially those with premiums of $50,000 or more—are ideal candidates.
Is this program available in all states?
Yes, MPG's healthcare workers' comp solutions are available in all 50 states, including Washington D.C.
What is the minimum premium requirement?
The minimum premium is $50,000 for standard programs and $100,000 for the Payroll Opt-Out Work Comp Program (POWC).
Can clients process their own payroll under this program?
Yes, the POWC structure allows clients to use their own payroll systems and bank accounts while maintaining WC coverage through MPG’s master policy.
Are new ventures or accounts with coverage lapses eligible?
Yes, MPG considers new ventures and accounts with prior coverage lapses or midterm submissions.
Need help placing an account? Connect with a market specialist.