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8 Workers鈥 Compensation Scenarios That Should Trigger a Call to a Specialty Wholesaler

Dec 16, 2021

Workers鈥 Compensation is anything but straightforward. And just when you have a handle on your clients鈥 business operations, they add a new business location, have a significant loss, forget to pay their insurance bill, or start hiring an entirely new classification of employees. Sometimes it鈥檚 just your client鈥檚 needs outgrowing the Workers鈥 Comp insurance carrier that has handled their Workers鈥 Compensation policy for ages.

As the song goes, 鈥淣othing lasts forever; nothing stays the same!鈥 Here鈥檚 the good news: 麻豆放映免费 is counting on it and prepared! We are a niche wholesaler that specializes in monoline Workers鈥 Compensation and can accommodate virtually any risk.

Here are just a few common risk changes and scenarios we regularly see that prompt agents to seek different coverage for their clients鈥攁nd how we can make that process easier:

  • Your client started a new venture operation.
    While half of new businesses sadly won鈥檛 make it , even fledgling businesses can鈥檛 ignore the necessity of Workers鈥 Compensation insurance when they begin hiring employees. However, regulations for when WC is needed can vary by state, 鈥攕ome states require it as soon as the first employee is hired, others don鈥檛 until employee number 3 or 4. 麻豆放映免费 will ensure you set new venture operations up for success by pairing them up with the best WC insurance carrier right from the start.
  • Your client lost their existing WC coverage.
    Your client鈥檚 existing WC coverage may be denied for renewal for a number of reasons鈥攄ue to their loss history, because their current insurance company no longer offers that particular coverage, or because the insurance company no longer operates in your client鈥檚 state. No matter the reason, your client will need to seek coverage elsewhere. As a specialized wholesaler with over 60 monoline WC carriers, 麻豆放映免费 has broad market access to shop the account and secure the right carrier partner for your client and their risk.
  • Your client is adding a new business location in another state.
    Many carriers only offer coverage regionally or in specific geographic locations. If your client opens a new location in a state where their existing WC carrier isn鈥檛 licensed to operate, they鈥檒l need to seek additional coverage from another carrier who is licensed in that state or who can cover the business in all its locations. 麻豆放映免费 has national carriers that operate from coast-to-coast and understand the unique regulations and requirements of each state or region, making multi-state operations a breeze.
  • Your client is currently on an Assigned Risk Plan.
    Individual states provide assigned risk plans to allow businesses who have been denied insurance from the standard market to purchase WC coverage. If this is the case for one of your clients, call 麻豆放映免费. We can provide robust, competitive options for even the highest Experience Mods and riskiest class codes, so you can help your client avoid the assigned risk pool entirely.
  • You want to compete with an account鈥檚 current renewal offer.
    It鈥檚 hard to pull a client away from a long-time relationship with their insurance agent. If you want to win their business, you better show up with a compelling reason to move. With our network of WC specialists, unmatched market access, and niche program availability, we know we can provide a killer competing renewal offer.
  • Your client just started hiring 1099 sub-contracted workers.
    Workers鈥 Compensation insurance is intended for full-time employees. When a business starts hiring 1099 sub-contracted workers, WC considerations can get a little complicated, because regulations vary by state. Many carriers are unable or unwilling to deal with this kind of complexity鈥攂ut with Risk Innovation鈥檚 market reach, it鈥檚 not a problem for us at all! With the numbers of contracted workers , you want a partner like 麻豆放映免费 who knows how to address the Workers Compensation needs of a blended workforce in any and every state.
  • Your client didn鈥檛 make their payments and lost their coverage mid-term.
    If your client didn鈥檛 make their scheduled WC insurance payments, their carrier may have dropped them mid-term, which, no surprise, can prompt other carriers to consider them too risky to insure. Because employer-provided WC coverage is required by most states, your client will need to seek alternatives鈥攁nd 麻豆放映免费 can provide them. With our market access and broad underwriting guidelines, you can successfully place even the trickiest of client risks.
  • Your client wants out of a PEO.
    PEO, or a Professional Employer Organization, is a partnership through which a business 鈥渙utsources鈥 their Workers鈥 Compensation insurance and other HR responsibilities. In the case of WC insurance, the PEO assumes all risk and liability. This can be an attractive option for small, new businesses that traditional carriers deem too risky because they don鈥檛 have an established risk management track record. At some point, however, your client may decide to leave the PEO; in which case, they鈥檒l need to be able to take on the responsibilities of providing Workers鈥 Compensation for employees. 麻豆放映免费 is here when your client is ready for that next step鈥攐r, even better, we can pair them with an appropriate carrier right off the bat to help them avoid a PEO entirely.


No matter the risk or client situation, 麻豆放映免费 is here to serve as your Workers鈥 Compensation expert and guide. No matter the challenge鈥攆rom lapses in coverage to high-hazard industries鈥攚e鈥檒l work alongside you to find the coverage your clients need. Contact us today to learn more.

The 麻豆放映免费 Workers' Compensation Insurance Team

The 麻豆放映免费 Workers' Compensation Insurance Team

Workers鈥 compensation is not a generalist鈥檚 game. 麻豆放映免费鈥檚 dedicated division of industry-leading workers鈥 compensation experts understands every facet of this complex coverage line 鈥 from multi-state operations and high-hazard risks to United States Longshore and Harbor Workers Compensation Act (USL&H), and everything in between. No matter your clients鈥 industry, state, experience modification factor, premium size, or class code, the 麻豆放映免费 workers' compensation team has you covered.
new ventures | specialty wholesaler | workers' comp | Workers' Compensation | workers' compensation insurance

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