Many times, organizations which are a small business and not a fortune 500 company need to look at risks involved in their company and how to avoid injuries and claims within their organization. If this is you and you have a small company with high risks’ then you may want to consider excess Workers Compensation.
There are many organizations which offer excess Workers Compensation but some may offer additional services that other’s do not have. Here are some benefits that you may want to look for in a company offering their services to you. In house underwriting might be a big advantage that you want to look for. Many organizations who offer in house underwriting can be flexible to you and your business needs. In some instances, you can set your own self insurance retention cap to fit the needs of your business.
Another great benefit for companies can be flexible payment plans. In some cases, you can set up a plan to be automatically deducted from your business account once a month. This can make your daily business procedures easy and stress free.
So, when considering a company who offers excess Workers Compensation, keep in mind some additional benefits that you think might be a good fit for your organization. Some companies might be able to tailor fit the needs of your business and its employees.