https://completemarkets.com/company/veracityinsurance/workers-compensationInsurance/
Workers Compensation Insurance Program from Veracity Insurance Solutions
Veracity Insurance Solutions, LLC offers a streamlined Workers Compensation Insurance program tailored to meet the needs of small and mid-sized businesses. Backed by an "A" rated carrier, this in-house program provides agents and brokers with fast turnaround times and access to a wide range of class codes and industry types. Whether you're looking to place new business or find a better fit for an existing client, Veracity makes the process simple and efficient.
Target Classes and Ideal Accounts
This program is designed to serve a wide variety of low to moderate-risk industries. Target industries include:
Retail Shops
Office Professionals
Automotive Service and Repair
Hospitality
Light Manufacturing
Importers & Distributors
Restaurants
With over 185 eligible class codes, Veracity’s program is well-suited for agents handling diverse commercial accounts. For example, you might have a client that operates a chain of retail boutiques, or a small machine shop with light manufacturing needs—these are excellent prospects for this program.
Coverage Highlights and Program Features
Access to approximately 185 class codes
Premiums up to $25,000
Experience Mods up to 1.20 accepted
Maximum acceptable loss ratio: 50%
The program is underwritten through RTW and offers admitted coverage in all available markets. This gives you the confidence of placing your clients with a highly rated, stable insurance provider.
Submission Requirements
To ensure fast and accurate quoting, please include the following with your submission:
Completed Accord Application
5-Year Current Valued Loss Runs
5-Year Premium Breakdown
NCCI Worksheet
Minimum Premium and Underwriting Notes
The program requires a minimum premium of $500, making it accessible for smaller accounts that might otherwise struggle to find cost-effective workers comp coverage. The underwriting team evaluates accounts based on mod, loss history, and industry type, with a preference for clean, stable risks.
Territorial Availability
This Workers Compensation program is available in the following states: AK, AZ, AR, CO, CT, FL, GA, HI, ID, IL, IN, IA, KS, KY, MD, MI, MN, MS, MO, MT, NE, NV, NJ, NC, PA, SC, SD, TN, TX, UT, VA, WI.
Why Choose Veracity Insurance Solutions?
As a direct access provider and carrier with in-house underwriting capabilities, Veracity Insurance Solutions offers brokers the ability to place workers compensation with confidence. Our efficient quoting process, competitive pricing, and industry-focused appetite make us a smart choice for agents looking to grow their commercial book. If your client falls within our appetite, we can help you deliver the coverage they need—quickly and reliably.
Frequently Asked Questions
What types of accounts are a good fit for this Workers Compensation program?Ideal accounts include small to mid-sized businesses in retail, hospitality, office-based professions, light manufacturing, automotive repair, and food service.
What is the minimum premium required for this program?The minimum premium for this program is $500, making it accessible for many small businesses.
What documentation is needed to submit a risk?Required submission items include a completed Accord application, 5-year loss runs, 5-year premium breakdown, and an NCCI worksheet.
Is this program available on an admitted basis?Yes, coverage is offered on an admitted basis in all available markets.
How quickly can I expect a quote?Veracity Insurance Solutions is known for fast quote turnaround times, especially when complete submissions are provided.
Need help placing an account? Connect with a market specialist.