Pride Risk Solutions, Inc.
Contact Us
contact_phone Click to call
Pride Risk Solutions, Inc.
Contact Us
contact_phone Click to call
PRS High Hazard/High Mod Workers' Compensation

The advantages of working with Pride Risk include:

  • Lower upfront costs
  • More predictable cash flow
  • Unmatched focus on loss control
  • Convenience of a committed partnership

 

Securing Affordable Workers’ Comp Coverage Is Often Difficult in These Industries

 

The Pride Risk program covers high-risk insureds in a wide range of industries. Some of the most common governing codes covered under this solution include:

  • Manufacturing
  • HVAC/ Sheet Metal
  • Masonry
  • Landscaping
  • Electrical/ Plumbing/ Painting
  • Food Processing Bakeries/ Hospitality
  • Warehouse Operations
  • Trucking/ Transportation
  • Heavy Construction (In NY Artisan Construction Only – Request Acceptable Codes) 
  • Cold Storage
  • Retail/ Wholesale
  • Staffing (Excluded in NY)
  • Seasonal Operations (Advised Upfront)
  • Property Mgmt.
  • Janitorial/ Residential Cleaning


Exclusions:

  • Towing
  • USL&H Exposure
  • Hazardous Material Handling
  • Greater than 25% Use of Part-Time Labor

Multiple Factors Affect the Cost of Workers’ Comp

 

In addition to the governing codes listed above, the following factors are good indicators that a company might benefit from the Pride Risk workers’ comp solution.

  • Experience Modifiers over 1.00
  • Cancelled / Non-Renewed Coverage / Gap in Coverage
  • Large Losses / Poor Claims Experience
  • Few or no options other than the State Insurance Fund

Clients with these attributes often have trouble obtaining affordable coverage in the traditional insurance markets. But now, you can provide a solution.

 

 

Typical criteria of a program candidate:

Few to no options for coverage
Experience Modifier over 1.0
Average Workers’ Compensation Rate of $8.00 and above
Minimum premium varies by State & Industry

 

If your prospect meets the above criteria and you can furnish the following required documentation, then we can provide you a quote through one of our appointed MBA’s.

 

The following is required for a complete submission:

  • Acord 130
  • Complete Description of Operations
  • 5 Years Loss Runs (fully valued)
  • Screen Shot or Copy of X-Mod
  • Industry Specific Supplemental
  • Target Premium

 

Rate Quotes:

  • Non-Binding Rate Indications: 1 - 2 business days
  • Approvals: 3 - 7 business days

 

Required to Bind Coverage:

  • Signed Acord 130, Request to Bind including Signed Proposal, Signed Supplemental,  

       $1,000 Policy Fee, No Loss Letter (if Applicable)

 

 

Contact Pride Risk today if you are interested in accessing the program through one of its many MBA’s. If you are a large wholesaler, MGA/MGU and can meet certain performance expectations please contact Pride Risk today to inquire about getting appointed.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Program Administrator
  • Admitted:
    All Available States
  • Carriers:
  • Carrier Ratings:
    A (Excellent) VIII / A (Excellent) IX
  • Commission:
    -
  • Min Premium:
    Varies by State & Industry

Browse

Request a Quote Now!

CONTACT INFORMATION

LOCATION

2739 US Hwy 19 N
Holiday, FL 34691
800-714-2336
CompleteMarkets is The Insurance Industry's Professional Network
Please Register for FREE or Sign In to contact
Not an Insurance Agent? No problem, we help hundreds of people find the right agent/advisor every day!
Visit our dedicated Insurance Consumer section and we will recommend the right agent for your specific needs.