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 Option:
Small deductibles
A small deductible policy from Work First Casualty is a great option for companies that 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
Our intermediate deductible option is a great one for insureds that want to 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 Premium $100,000 ($75,000 for clerical only risks)
- Minimum of 3 years in business
- No PEO, Employee Leasing Exposures, USL&H Exposures, Recycling, Day Labor, group transportation or significant heights exposure.
Client Submission Checklist
- Acord 130 application
- 5 years of currently valued loss runs
- NCCI mod worksheet
- Client list broken down by payroll and class code
- Three years of audited financials, if available
Let’s Talk
Hi, I’m Bruce Winterrowd, Vice President of Underwriting. Since 2005, Work First Casualty has provided a stable market for workers’ compensation, offering three types of policies: Guaranteed Cost, Intermediate Deductibles and Large Deductibles. We operate in all 50 states and Washington DC, which means we can cover your clients across the United States. If you have any questions, please contact me directly: I’d love nothing more than to speak with you about your clients’ needs!
