HIGH RISK - HIGH MOD - NO PRIOR COVERAGE
More than 30 A Rated Carriers / Programs
Pay-As-You-Go: Calculated and Paid Each Payroll
No Large Deposit Premium
No Year End Audits or Adjustments
Improve Cash Flow
Typically Save 20-40%
Reliance Brokers specializes in high risk, high MOD, and difficult to place workers compensation. From staffing companies, and contractors, to trucking and home healthcare, we have alternative workers compensation markets for most any industry.
Traditional workers compensation policies require estimating annual payroll, large up-front deposit premiums typically 20-50%, and year end workers comp audits which may result in additional large audit premiums due. The cost of workers’ compensation coverage based on an estimate of annual payroll at the inception of the policy year can create problems for small businesses with fluctuating wages. Often the small business, particularly new businesses, do not know what their payroll will be over the next 12 months. Our alternative workers compensation programs utilize a Pay-As-You-Go policy eliminating all of the guesswork, deposit premiums, and audits, improving cash flow which is critical for growth.
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SAFETY PROGRAM - LOSS CONTROL - TRAINING
Written Safety Programs
On-Site Surveys and Consulting
Claims Administration / Managed Care Units
Risk Retention / Deductible Programs (High and Low)
Loss Sensitive Programs
Safety Incentive / Dividend Programs
Controlling workers compensation costs starts with a proactive risk management and loss control program. Embracing a culture of workplace safety is crucial in controlling long term workers compensation costs and staying compliant with government regulations. We have various programs which approach risk management in creative ways.
Program structures including risk retention through high or low deductibles, retro programs, and safety dividend plans are just a few creative ways our clients experience substantial cost savings and significant improvement in claims experience.