Overview — Workers Compensation Coverage from Safehold Special Risk
Safehold’s Workers Compensation Coverage is a monoline workers’ compensation program designed for independent agents and brokers who need a dependable wholesale market for standard and hard-to-place exposures. We underwrite a broad range of classes, work with elevated experience mods and new ventures, and offer flexible servicing options to make placement smoother for you and your client.
Ideal Accounts and Appetite
This program targets a wide set of business classes and is a good fit when you need admitted or admitted-equivalent capacity for workers’ compensation outside of monopolistic states. Typical target classes include (but are not limited to):
- Retail
- Wholesale
- Restaurants
- Manufacturers
- Contractors
- Transportation
- Garage
- Schools
- Medical/Dental Offices
- Home Healthcare
- Medical Temporary Staffing
- Roofers
- Plumbers
- Exterminators
- Well Drilling
- Gas Stations
- Convenience Stores
- Hotels/Motels
- Security Guards
- Electricians
Coverage Highlights and Advantages
- Monoline workers’ compensation focus — streamlined product designed for efficient placement.
- Access to multiple carrier relationships that can help secure coverage for accounts other markets decline.
- Ability to handle hard-to-place class codes, higher experience mods, and new ventures.
- Flexible servicing including no volume commitment and pay-as-you-go billing options to help clients manage cash flow and premium reporting.
- Competitive commission structure for eligible business placed through the program.
Underwriting Notes and Minimum Premiums
To evaluate a risk quickly, provide the following with your submission:
- ACORD 130 application
- 3–5 years of currently valued loss runs
- 3 years of premium and payroll history
- Details of operations
- Resume of experience for new ventures
Minimum premium: $1,000. Safehold reviews accounts on their individual merits and can consider elevated mods and limited loss histories when supported by underwriting information.
Territories and Availability
Available in the following jurisdictions: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, DC, WV, WI. The program does not write in monopolistic states.
Why Place This Business with Safehold Special Risk
- Experienced wholesale team with a long track record of placing workers’ compensation since 1996.
- Depth of carrier relationships and underwriting flexibility for difficult-to-place accounts.
- Practical payment options and no volume commitment that help win and retain clients.
Example scenarios where this program can help you place business:
- A regional restaurant group with a slightly elevated experience mod and several loss years looking for admitted workers’ compensation capacity and pay-as-you-go billing.
- A new home healthcare start-up with limited payroll history but strong owner experience seeking an admitted workers’ compensation solution.
If you have questions about appetite, submission details or specific class codes, Safehold’s workers’ compensation team is available to review accounts and provide guidance.
Frequently Asked Questions
What types of accounts are a good fit for Safehold’s Workers Compensation Coverage?
Accounts that benefit most include small to mid-size retail, restaurants, contractors, medical and home healthcare, transportation, and other target classes listed above. The program also works with higher mods, hard-to-place class codes, and new ventures when supported by underwriting information.
What submission materials are required?
Provide an ACORD 130 application, 3–5 years of currently valued loss runs, 3 years of premium and payroll history, details of operations, and a resume of experience for new ventures. These items allow faster and more thorough evaluation.
Is the program available nationwide?
The program is available in the states listed above and does not write in monopolistic states. Check the full state list in your territory before submitting.
Are flexible payment options available?
Yes. Safehold offers pay-as-you-go options and a no volume commitment structure to help clients manage premium and payroll reporting. Payment terms are subject to underwriting and carrier acceptance.
Need help placing an account? Connect with a market specialist.