https://completemarkets.com/company/phoenixrmis/Small-Account-Workers-Compensation-Insurance/
Small Account Workers' Compensation Insurance Program from Phoenix Risk Management
Phoenix Risk Management (PRM) offers a specialized Small Account Workers' Compensation Program designed for agencies looking to place smaller workers' comp accounts with competitive carriers. With a premium range from $1,000 to $100,000, this program is ideal for smaller businesses across a variety of industry classes that meet specific underwriting criteria.
Whether your client operates a local retail shop, small manufacturing facility, or service-based business, PRM provides access to financially strong carriers (rated A XV to B+ VII by A.M. Best) that can offer the coverage they need—even if their account is too small for traditional markets. This is a non-admitted program, and carrier details are disclosed to appointed brokers upon request.
Target Classes and Ideal Accounts
The PRM Small Account Workers’ Compensation Program is well-suited for agents with clients in defined industry classes that may not qualify for standard markets due to size. Ideal accounts include:
Small contractors and artisan trades
Light manufacturing and assembly operations
Retailers and small wholesalers
Professional offices and service businesses
You might have a client with a clean loss history and under $100,000 in annual premium, but they're struggling to find a carrier willing to take on the risk. This program is designed for those scenarios.
Program Highlights
Premium range: $1,000 to $100,000
Minimum premium: $1,000
Access to financially secure carriers (A XV to B+ VII)
Tailored underwriting for small accounts
Available across 48 states plus DC
Submission Requirements
To streamline the quoting process, PRM requires a complete submission package:
Signed and dated ACORD application with FEIN
Signed and dated PRM supplemental application
Minimum of 4 years of currently valued loss runs (within 90 days of effective date)
4 years of historical aggregate payroll data
Current Experience Modification Worksheet (if available)
Details on any losses over $50K
Complete description of operations
Bureau Inspection Report (if available)
Submissions accepted no earlier than 90 days prior to the effective date
Territory and Availability
This program is available in nearly all U.S. states, including 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, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, and WY.
Why Partner with Phoenix Risk Management
Phoenix Risk Management is a trusted Managing General Agency and Excess & Surplus Lines Broker with deep expertise in workers’ compensation. Their focus on small accounts, responsive underwriting, and strong carrier relationships make them a valuable partner for agents placing tough-to-place or underserved risks. With a streamlined submission process and clear underwriting expectations, PRM helps you close more business efficiently.
Frequently Asked Questions
What types of accounts are a good fit for this Workers’ Compensation program?Small businesses with premiums between $1,000 and $100,000 across defined industry classes such as retail, light manufacturing, and service trades are ideal. Accounts should have a clean loss history and meet underwriting criteria.
Is this program admitted or non-admitted?This is a non-admitted program. Carrier names are disclosed to appointed brokers but are not advertised publicly.
How far in advance can I submit an account?Submissions are accepted no earlier than 90 days before the requested effective date.
What documentation is required to obtain a quote?A completed and signed ACORD application, PRM supplemental application, 4 years of loss runs, payroll history, and other underwriting data such as X-Mod and loss details over $50K are required for a quote.
In which states is this program available?The program is available in most U.S. states, including all continental states and Washington, D.C., as well as Alaska and Hawaii.
Need help placing an account? Connect with a market specialist.