Workers Compensation Insurance is a required coverage in most states, providing benefits such as medical expenses and partial lost wages for employees who suffer work-related injuries or illnesses. However, placing coverage for certain businesses can be difficult due to high risk classifications, elevated experience mods, or prior coverage issues.
Novatae Risk Group, through its partnership with Empire Underwriters and an “A”-rated carrier, offers a specialized Hard to Place Workers Compensation Insurance program designed for challenging accounts. Whether your client has a high MOD, operates in a tough industry class, or has coverage gaps, we can help you find solutions quickly and effectively.
Ideal Accounts and Appetite:
- Accounts with MODs of 1.30 or higher
- High-hazard industries and tough-to-place classes
- Blue, gray, and white collar businesses
- Clients currently in state pools or residual markets
- Distressed, lapsed, or non-renewed accounts
- New ventures welcomed
- Multi-state exposures are a specialty
You may have a client in roofing with lapsed coverage or a trucking company with prior losses—these are the types of risks we regularly underwrite.
Coverage Highlights and Advantages:
- Fast turnaround on submissions
- Access to multiple “A” rated carriers
- Stand-alone Workers Comp policies
- Guaranteed cost, high deductible, and retro-rated options
- Consent to rate specialists
- Dividend plans available
- PEO and ASO contracts available
- Clients can retain control over payroll and check issuance
- Custom account handling for unique needs
Underwriting Requirements and Minimum Premium:
- Completed ACORD 130 application
- 3–4 years of loss runs
- Details on any large losses
- Supplemental questionnaire
Minimum premium starts at $10,000, and submissions are reviewed thoroughly to match your client with the right market.
Territories and Availability:
This program is available in most states, including but not limited to: CA, FL, TX, NY, IL, PA, and GA. We currently write in over 45 states, including DC.
Sampling of Target Classes:
- Agriculture
- Assisted Living
- Bridge & Road Construction
- Carpentry
- Concrete & Asphalt
- Dirt Work
- Elderly Care Facilities
- Excavation
- Farms
- In-Home Care
- Iron & Steel
- Line Maintenance
- Logging
- Machine Shop
- Maid Services
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- Manufacturers
- Masonry
- Non-Profit Organizations
- Nursing Homes
- Oil & Gas
- Paving
- Pipeline
- Retail
- Roofing
- Sawmills
- Services
- Sheet Metal
- Staffing Companies
- Tower Erection
- Trucking & Transportation
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Partner With Novatae Risk Group
As a national Managing General Underwriter and E&S Broker, Novatae Risk Group offers extensive market access and underwriting expertise for difficult Workers Compensation placements. Our dedicated brokers understand the challenges of high-risk classes and distressed accounts, and we work closely with agents to deliver responsive service and creative solutions.
Contact us at 800-758-8113 to discuss your Hard to Place Workers Compensation Insurance accounts today, or email us at [email protected].
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for businesses with high MODs, prior losses, lapsed coverage, or operations in high-hazard industries like roofing, trucking, construction, and in-home care.
Can new ventures apply for coverage under this program?
Yes, new ventures are accepted and can be evaluated for coverage depending on the class of business and state regulations.
What documentation is required for submission?
We typically require a completed ACORD 130, 3–4 years of loss runs, details of any large losses, and a supplemental questionnaire.
Is multi-state coverage available?
Yes, we specialize in multi-state exposures and can provide tailored Workers Compensation solutions across state lines.
What is the minimum premium for this program?
The minimum premium starts at $10,000, but final pricing depends on the class of business, loss history, and underwriting considerations.
Need help placing an account? Connect with a market specialist.