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Advantages to Florida Businesses  The Florida program was designed to compete against the State Compensation Insurance Fund (FWCJUA) when the insured has no other market or choice due to a high experience modifier and or excluded worker’s compensation labor  code (s).  Clients that are frustrated with the state fund and that have expressed a strong desire to move away from FWCJUA, and who have also expressed a desire to reduce their costs are prime candidates for this program.

Premium Savings Feature  Insured’s that fall within the high risk class codes and that have high experience modifiers can expect to save an amount equal to 2% to 10% of gross payroll.  For example, a firm with a $1,000.000 annual gross payroll may save between $20,000 and $100,000 per year depending on their risk class and prior loss history.

Program Highlights

  • Program designed for insured’s with Experience Modifiers between 1.3 and 3.0
  • $1,000 Policy Fee – No Deposits (Broker Charges may apply)
  • Pay as You Go
  • New Business Start Up, Gaps, Cancelled or Non-Renewed Insured’s will be considered
  • Non-binding Rate Indications Available within 1 to 2 Business Days
  • Binding Quotes within 3 to 5 Business Days

Program Exclusions

  • USL & H Exposure
  • Hazardous Material Handling
  • Seasonal Operations