The workers’ compensation market over the last several years has experienced significant changes with carriers looking to improve their combined ratio and underwriting performance in order to restore profitability for this key commercial lines product. Many insurers have pulled completely out of markets they deem too risky, while other carriers are curtailing their underwriting appetites, eliminating premium credits at renewal, non-renewing/ cancelling desirable accounts with little to no loss history.
Our Firm works with agencies across the country to place monoline workers compensation coverage through alternative market options. We have established relationships ready to write a broad range of classification codes. Please refer to (Link to market appetite).
Should an accident occur, having the right Workers’ Compensation plan from AccountFirst, Inc. can allow your business to ensure payments and cover expenses if an employee is injured from a work-related accident.
Workers Compensation can cover financial liabilities such as:
- An injured employee’s medical expenses/treatment
- The replacement of lost wages from injury time off
AccountFirst’s PEO partners limit a business’s liabilities even further by:
- Assuming liability for payroll tax administration
- Assuming State unemployment liability including all fillings, representation, and the ultimate settlement.
- State & Federal Regulatory Compliance
Professional employer organizations can remove much of the burden of liability from the backs of individual employers. Think of the PEO as the corporate strength behind a family-owned business. We hope you will allow AccountFirst to work for you!