Monarch Partners Group LLC (MPG) is a seasoned program administrator offering innovative workers' compensation solutions to agents and brokers nationwide. With over 25 years of experience, MPG specializes in placing high-risk and hard-to-place accounts—especially in the trucking sector. MPG's Trucking Workers' Compensation Insurance programs are built to handle complex risks with high X-mods, elevated class codes, or premiums starting at $50,000.
Ideal Accounts and Appetite
MPG targets trucking companies that may not be a fit for standard markets due to loss experience, mod factors, or industry classification. This includes long-haul operators, fleet owners, freight haulers, and logistics firms with elevated risk profiles. Whether your client is a new venture or has a history of claims, MPG can often provide flexible, cost-effective options.
Examples of suitable accounts include:
- A multi-state logistics company with a high debit X-mod and payroll exceeding $2 million.
- A regional freight carrier that recently transitioned out of a Professional Employer Organization (PEO) and needs standalone workers’ comp coverage.
Coverage Highlights and Advantages
MPG offers several workers' compensation structures, including its unique Payroll Opt-out Work Comp Program (POWC). This program allows trucking companies to:
- Opt out of payroll and tax services while maintaining coverage under a master workers’ comp policy.
- Leverage the favorable X-mod of the POWC entity for better pricing.
- Pay premium on a “pay-as-you-go” basis for improved cash flow management.
- Avoid year-end audits in many cases.
- Access additional HR and risk management services.
Additional program benefits include:
- “A”-rated carriers
- All states coverage
- Broad class code acceptance
- Guaranteed cost and deductible options
- No X-mod or loss ratio limitations
- New ventures and midterm placements accepted
Underwriting Notes and Submission Requirements
MPG provides a quick quote turnaround and in-house underwriting for many submissions. To submit a risk, agents should prepare the following:
- Completed ACORD 130
- Three years of currently valued carrier loss runs (preferably summarized)
- Current policy declaration and rating pages (or PEO code/rate info)
- Current X-mod sheet
- Any additional underwriting details that clarify the risk
Territories and Availability
This program is available in most U.S. states, including CA, TX, FL, NY, IL, and others. MPG works with a wide range of carriers and can accommodate admitted and non-admitted placements, depending on the state and account needs.
Why Work With Monarch Partners Group LLC
MPG brings a deep understanding of high-risk industries like trucking and offers flexible, scalable workers’ compensation solutions. With competitive compensation, responsive underwriting, and a unique Payroll Opt-out structure, MPG helps agents place challenging accounts that would otherwise be difficult to insure. If you’re looking for a reliable partner to help place distressed or complex trucking workers’ comp risks, MPG is ready to support you.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Trucking companies with high X-mods, complex class codes, large payrolls, or a history of claims are ideal. New ventures and midterm placements are also welcome.
Is this program available nationwide?
Yes, the program is available in most U.S. states. Availability may vary slightly depending on market conditions and carrier appetite.
Can clients keep their own payroll systems?
Yes. The Payroll Opt-out Work Comp Program allows clients to manage their own payroll, taxes, and banking while receiving workers' comp coverage under a master policy.
Are there limitations based on X-mod or loss ratio?
No. This program accepts accounts regardless of X-mod or loss ratio history, making it suitable for distressed risks.
What documentation is required for a quote?
You'll need an ACORD 130, three years of loss runs, current policy declarations, X-mod sheet, and any other relevant underwriting information.
Need help placing an account? Connect with a market specialist.