Ideal Accounts and Target Classes
This program is a strong fit for a wide range of retail and wholesale operations, particularly those that benefit from improved cash management and have fluctuating payrolls. Target classes include:
- Furniture stores
- Electronics and appliance stores
- Tile and flooring stores, including installation
- Carpet stores
- Mattress stores
You might have a furniture retailer with multiple locations or a tile distributor that also handles installations—this program is designed to accommodate both with underwriting flexibility and broad eligibility.
Coverage Highlights and Advantages
- Monoline workers' compensation coverage tailored for retail and wholesale businesses
- UPAY-As-You-Go premium model based on real-time payroll data
- No upfront premium deposit required
- Backed by A-rated carriers with access to national markets
- Comprehensive loss control resources including manuals, safety tips, and checklists
- Experienced claims handling with a focus on cost containment
Underwriting Guidelines
- New ventures welcome
- Multi-location and multi-state operations are eligible
- Accounts transitioning out of PEOs are acceptable
- High experience mods considered on a case-by-case basis
Submission Requirements
- Completed ACORD application
- Currently valued loss runs for the past 3–5 years
- Experience mod worksheet and large account supplemental form for risks over $75,000 in annual premium
Territories and Availability
This program is available in most U.S. states, including AL, AK, AZ, AR, 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, and WI. U.S. Risk offers access to both admitted and non-admitted markets as needed.
Why Work With U.S. Risk Insurance Group, Inc.?
As a leading Managing General Agency, U.S. Risk delivers customized workers' comp solutions backed by strong carrier relationships and a deep understanding of the retail and wholesale industries. With convenient pay-as-you-go options, responsive claims service, and flexible underwriting, we make it easier for agents to secure coverage that fits their clients’ operations and budgets.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for retail and wholesale operations such as furniture, appliance, flooring, and mattress stores, including those with installation services or multi-location operations.
How does the UPAY-As-You-Go model benefit my clients?
It eliminates the need for a large upfront premium and bases payments on actual payroll, improving cash flow and reducing audit surprises.
Can new ventures or accounts with high experience mods be considered?
Yes, the program accepts new ventures and can entertain higher mods depending on the overall risk profile.
Is this program available in multiple states?
Yes, it is available in most U.S. states, and multi-state operations are eligible for coverage.
What is required to submit an account?
You’ll need a completed ACORD application, 3–5 years of currently valued loss runs, and additional documents for larger risks over $75,000 in premium.
Need help placing an account? Connect with a market specialist.