PROVIDING CLIENTS WITH
SUPERIOR WORKERS’
COMPENSATION NAVIGATION
TEMPORARY STAFFING WORKERS’ COMPENSATION INSURANCE
While our Preferred Retail Agents are not obligated to make a submission to Nixer Comp, we do expect them to act in the insured’s best interest. If the agent believes the staffing company will be a good fit with us, we will welcome the submission.
SMALL & INTERMEDIATE DEDUCTIBLE PLAN
With a Small or Intermediate Deductible Plan, an employer retains a portion of each loss through a deductible. Small Deductible Plans can go up to $24,999 and between $25,000 to $99,999 for Intermediate Deductible Plans. The insurer is responsible for losses in excess of the deductible and handles all losses, billing back the costs below the deductible to the employer. The employer experiences significant cash flow savings, has the opportunity to leverage good claims performance to reduce its Workers’ Compensation costs and, in some states, can reduce its experience modification factor as paid losses are reported less of the paid deductible.
A well-constructed and monitored deductible Workers’ Compensation plan can provide a meaningful reduction in an employer’s total cost of risk.
LARGE DEDUCTIBLE PROGRAM
With a Large Deductible Workers’ Compensation Plan, the employer is also responsible for claims costs up to a certain dollar amount, and the insurer is responsible for claims costs in excess of the deductible. Deductibles are based on a per-claim or per-occurrence basis. Deductible amounts vary by state and begin from $100,000 on up. Large deductibles require collateral to be posted to ensure the payment of deductibles.
Firms employing a holistic and proactive approach to mitigating risk and controlling the cost of claims are able to save significant premium expenses. Employers also benefit from:
- Significant cash flow advantage over most other fully insured programs
- Increased incentive for implementing loss-control and return-to-work programs
- Easy access and exit
- Possible tax savings
WHY DO OUR PLANS WORK FOR TEMPORARY STAFFING CLIENTS?
Our Program Pillars – from superior risk management strategies to claims advocacy and handling, consistent post-accident programs, return-to-work programs and positive involvement with the injured worker – produce a safe working environment and help reduce and control an employer’s losses and therefore costs.
With Nixer Comp, client-insureds can grow from a Small Deductible to an Intermediate Deductible and/or Large Deductible Plan as they reap the benefits of our risk management and claims strategies.
