U.S. Risk Insurance Group, Inc. offers a specialized Workers Compensation program for businesses in the finance and insurance sectors. Placed through an A-rated carrier, the program combines competitive pricing, flexible payment options, and underwriting latitude tailored to the exposures common to accountants, financial advisors, insurance agencies and related professional service providers.
Ideal Accounts and Appetite
This program fits a broad range of finance and insurance operations: accounting and bookkeeping firms, tax preparers, financial planners and advisors, insurance agencies and brokers, and other back-office service providers. New ventures are accepted and there is no maximum experience modification factor, which allows you to place diverse client profiles.
Example scenarios: a newly formed bookkeeping firm with five employees looking for admitted Workers Comp coverage; or a multi-location insurance brokerage seeking consistent, admitted coverage across several states.
Coverage Highlights and Advantages
- Guaranted cost programs available
- Dividend plans available in Florida
- PEO carve-outs considered with proper documentation
- 24-hour shift exposure eligible when no other class exposures apply
- Online loss run access for easier policy servicing and renewal submissions
Underwriting Notes and Minimum Premiums
- Minimum premium: $3,000 — no stated maximum
- Group transportation limited to five employees per vehicle
- Accounts with a lapse in coverage are acceptable but require underwriter review
- Height limitation: work no more than 20 feet or two stories above ground
- Underground work limited to six feet
- Insureds exiting PEOs are eligible with required documentation (loss history, signed contracts, labor endorsement)
- Not eligible: domestic services, aviation operations, federal act coverages, or accounts with outstanding tax liens or bankruptcy
Payment Plan Options
- UPAY — pay-as-you-go model
- Direct bill
- Monthly self-reporting with a 5% non-working deposit
Territories and Availability
The program is available on an admitted basis in most states, including AL, AK, AZ, AR, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OR, PA, RI, SD, TN, TX, UT, VT, VA, DC, WV, and WI. Coverage in California and Oklahoma is limited or incidental and cannot be the governing state for a policy.
Why Work With U.S. Risk Insurance Group, Inc.?
As a Managing General Agency, U.S. Risk provides underwriting expertise and market access that help agents place complex Workers Compensation risks for finance and insurance clients. The team emphasizes responsiveness, flexible underwriting, and admitted paper – valuable when your clients need regulatory certainty and stable coverage across multiple states. Whether placing a new firm, a client leaving a PEO, or a multi-location brokerage, U.S. Risk supports you with documentation guidance, online loss runs, and alternative payment options.