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

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.

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)