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IPMG's Employee Benefits Insurance Services division...i who are interested in self-funded employee benefits solutions. What services are included in the employee benefits program?Services include medical,...

...approach to claims handling that benefits both insureds and their brokers. Wh...dship meetings Customizable service plans tailored to your client’s operatio...

...to improve care quality, protect employees and help manage insurance costs. ...ted living operator seeking primary liability and workers’ compensation where ...

Residential Carpentry Workers Compensation Insurance from IPMG Insurance Program Managers Group (IPMG) offers a focused Workers Compensation program for residential carpentry operations. Built for independent agents and wholesale brokers, this solution helps you place start-ups, established contractors, and higher-risk accounts by providing access to multiple A-rated (or better) carriers and flexible underwriting tailored to residential construction exposures. Ideal Accounts and Appetite This program is targeted to residential carpenters and select framing contractors. IPMG will consider: Residential carpentry and framing contractors Start-up operations with a documented business plan and basic controls Accounts with elevated experience modification factors Clients with prior losses where loss runs and explanations are provided Typical fits include a small framing crew starting under new ownership or an established residential carpenter looking for broader market access after challenging loss experience. Coverage Highlights and Advantages IPMG places business with carriers that understand the unique risks of residential job sites—fall exposures, repetitive-motion injuries, and subcontractor relationships. Key advantages for you and your clients include: Access to multiple admitted and non-admitted markets to improve placement opportunities Ability to consider higher-mod accounts and those with documented prior losses Underwriting teams experienced in construction risks and responsive service to help move submissions Underwriting Notes and Minimum Premiums To help speed quoting, include the following with every submission: Completed ACORD application with a clear description of operations and payroll allocation Currently valued loss runs (when applicable) and explanations for prior claims Current experience modification rating (if available) The program’s minimum premium starts at $5,000. Final pricing will depend on factors such as payroll, assigned class codes, loss history, and state rules. Territories and Availability IPMG writes Residential Carpentry Workers Compensation across a broad footprint. We currently write business in the following states: AK, AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, MD, MI, MN, MO, MS, NC, NE, NV, OK, PA, RI, SC, SD, TN, TX, UT, VA, WI, WV, DC. We can place accounts in admitted or non-admitted markets depending on the account needs and carrier appetite. Why Work With IPMG? As a wholesale broker, IPMG brings targeted construction expertise and broad market access to help you place difficult or startup carpentry accounts. Our underwriters work with agents to tailor submissions, identify the best market fit, and move business quickly. If you need to place a higher-mod account or a contractor with prior losses, IPMG provides the markets and service to improve placement success. Example scenarios you can place through this program: A small residential framing crew under new ownership that needs its first workers comp policy and can provide a business plan and payroll estimates. An established residential carpenter with an elevated mod and prior claims seeking broader market access and underwriting flexibility. Use IPMG when you need construction-savvy underwriting, multiple carrier options, and support placing residential carpentry workers compensation risks. Frequently Asked Questions What types of accounts are a good fit for this program?Residential carpentry contractors, including framing operations with prior workers’ comp coverage, start-ups with a clear business plan, and accounts with higher experience modification factors. Do you accept start-up residential contractors with no prior coverage?Yes. Start-ups are eligible when they meet basic underwriting requirements and submit a detailed ACORD application and supporting documents. What documentation is required for a submission?Provide a completed ACORD application with an operations description, currently valued loss runs if applicable, payroll details and class codes, and the current experience modification rating when available. What is the minimum premium for this program?Minimum premium starts at $5,000. Final pricing will reflect underwriting factors such as payroll, class codes, and loss history. In which states is this program available?This program writes in over 40 states, including CA, TX, FL, IL, and many others. Contact IPMG for availability in a specific state. Need help placing an account? Connect with a market specialist.