Workers Compensation Insurance for manufacturing operations can be especially complex. Electrical equipment manufacturers face unique risks tied to specialized processes, energized work, assembly and testing activities, and potentially costly claims. Novatae Risk Group offers a tailored Electrical Equipment Manufacturer Workers Compensation Insurance program developed in partnership with Empire to address those industry challenges and give agents a reliable market for these accounts.
Whether you are moving an existing client to a new carrier or targeting new manufacturing business, Novatae’s program provides a focused option for electrical equipment manufacturers. Our underwriting team and brokers will evaluate accounts for fit within the program’s appetite and structure — helping you place business efficiently.
Please contact us at 800-758-8113 to speak with our experienced brokers about your Electrical Equipment Manufacturer Workers Compensation Insurance accounts.
Ideal Accounts and Appetite
- Manufacturers of electrical components and devices
- Operations involving assembly, fabrication, and testing of electrical equipment
- Accounts with documented safety programs and moderate-to-good loss histories
Typical fits include clients that manufacture circuit boards, transformers, control panels, switchgear, or related electrical assemblies. We will consider accounts with a history of larger losses when accompanied by loss explanations, remediation plans, and strong safety documentation.
Example scenarios agents commonly place through this program:
- A mid-sized control panel fabricator with a formal safety program, lockout/tagout procedures, and three years of stable loss runs.
- A contract electronics assembler that conducts final testing and calibration on finished boards, with documented training and low frequency of claims.
Program Features
- Only $7,500 Minimum Premium
Program Highlights
- 10% commission for appointed agents
- Fast quote turnaround with completed submissions
- Access to multiple markets through Novatae’s carrier relationships
- Coverage available in over 20 states
Submission Requirements
- ACORD 130 application
- Three years of currently valued loss runs
- Completed supplemental questionnaire
- Details on any large or unusual losses
States and Availability
Coverage is currently available in the following states: AL, AK, AZ, AR, CA, CO, CT, FL, GA, IL, KY, LA, MS, MO, NV, NJ, NM, NY, NC, PA, SC, TN, TX, UT, VA, WV. Admitted and non-admitted options are available depending on the market and state.
Why Work With Novatae Risk Group
Novatae Risk Group is a Managing General Underwriter and Excess & Surplus Lines Broker with deep expertise in niche and hard-to-place manufacturing risks. We combine underwriter responsiveness, targeted appetite, and broad carrier access to help you close more workers compensation placements for electrical equipment manufacturers. Our team can guide submission requirements, advise on loss control documentation, and move accounts quickly when fit is confirmed.
Do you need a Workers Compensation Insurance Quote for your Electrical Equipment Manufacturer?
Send an email to [email protected] with your coverage needs or call 800-758-8113 to speak to an underwriter immediately.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Ideal accounts include manufacturers of electrical components, control systems, panels, and other electrical equipment with stable operations and a moderate-to-good loss history.
What is the minimum premium for this Workers Compensation program?
The minimum premium starts at $7,500, making the program suitable for mid-sized operations and larger manufacturers.
Which states is this program available in?
This program is available in over 20 states, including CA, TX, FL, NY, and IL, among others listed above.
What documents are needed to submit an account?
Submissions should include an ACORD 130, three years of currently valued loss runs, a completed supplemental questionnaire, and details on any large or unusual losses.
How quickly can I expect a quote?
Quotes are typically provided quickly once a complete submission is received, thanks to Novatae’s efficient underwriting team.
Need help placing an account? Connect with a market specialist.