The #1 support your clients need.
Work First Casualty has specialized experience with many industries and companies. Your clients get top-notch customer service and policies that fit them with our team of workers’ compensation professionals.
A Policy For Every Need
Guaranteed Cost
At Work First Casualty, our team of professionals has underwritten hundreds of Guaranteed Cost policies and helped growing companies lower their experience modifiers and, ultimately, their cost of insurance.
Benefits
- Total risk transfer to the carrier once the policy is bound
- Fixed pricing at inception allows for easier budgeting
- Protection from unanticipated and costly claim potential
Deductible Options:
Small deductibles
Range: $2,500 – $10,000
A small deductible policy from Work First Casualty is a great option for companies that are looking to reduce premiums and would like to take on more risk without having collateral requirements or a large financial risk.
Benefits
- No requirement to post collateral
- Some state regulations allow for reporting losses net of the deductible paid which can help to meaningfully reduce your client’s experience modifier
Intermediate Deductible
Range: $25,000 – $75,000
Our intermediate deductible option is a great one for insureds that want to reduce premiums and take on a bit more risk without having large financial collateral requirements.
Benefits
- Minimize collateral requirements
- No loss fund required
- Deductibles are billed monthly
Large Deductible
Our large deductible option is for clients who have mastered risk management and value significant premium savings. Large deductibles require collateral to be posted to ensure the payment of deductibles. Work First has flexible collateral options including letters of credit, cash collateral, and a “working cash” collateral program.
Benefits
- Significant cash flow advantage over a fully insured policy
- Good claim performance can significantly reduce the total cost of your client’s workers’ compensation program
- No requirement to post a loss fund – deductibles are billed monthly
Underwriting Requirements
- Minimum of 3 years in business.
- Must qualify for Experience Rating.
- No PEO, Employee Leasing, USL&H, Recycling, Day Labor, Group Transportation, or Significant Heights exposures.
Client Submission Checklist
- Completed Acord 130 application.
- Past 4 years of currently valued loss runs.
- Past 4 years of historical payroll data.