Underwriters Safety and Claims - Excess Workers Comp

Excess Workers Compensation

For more than 60 years, Underwriters Group has dedicated itself to providing excess coverage to self-insured clients. We have an experienced staff that can focus solely on your self-insured workers' compensation needs. You can rest assured you will have the benefit of highly specialized senior level members working on your business. We pride ourselves on developing competitive solutions for your particular needs. We will provide you access to the best excess carriers, working with you closely as a business partner and advisor.

In the placement of your excess coverage, our mission is to provide your company with a top quality and comprehensive program at the lowest possible premium. We accomplish this mission by:

Our unique ability to access all of the major providers of excess workers' compensation coverage. We understand one size does not fit all. Your exposures, loss experience, coverage needs (Specific only coverage, or Specific and Aggregate coverage) and applicable jurisdictions all play a part in securing the most appropriate carrier for your program.
Understanding your individual needs with risk management assistance to identify problem exposures or areas in your operations that may create unique situations.
Working with you and the State Regulator(s) to simplify and streamline annual compliance and reporting requirements. This can be a daunting task, but we currently assist client's country wide in this process.
Dealing with your Third Party Claims Administrator to ensure the proper claims reporting as specified by the excess contract. Our goal is to avoid having the carrier apply late reporting penalties, or even totally denying the claim.
Assisting with Loss Control requisites, Claim Audits, Actuarial reports, and other services associated with a well rounded excess program.

Excess Insurance Coverage

Excess Insurance coverage is needed for either catastrophic or an abnormally large number of claims in any given contract period. Below is a quick overview of the types of coverages available.

Specific Coverage - This is basically severity coverage. A single bad accident can often result in a claim much larger than you are, for risk management purposes, prepared to pay. With Specific Coverage, you can set a "specific" retention (SIR) above which the excess policy will reimburse you up to your policy limit.

Aggregate Coverage - This is frequency coverage. With "aggregate" coverage, you can cap the losses you are responsible for during a given policy period. Once your losses have exceeded a predetermined Loss Fund, the contract will reimburse you up to the policy limit.

Specific and Aggregate Coverage - Combining the above two coverages under one contract provides both severity and frequency coverage.





COMMERCIAL LINES EMPLOYEE BENEFITS EXCESS WORKERS COMP GROUP HEALTH PROFESSIONAL LIABILITY		Excess Workers Compensation For more than 60 years, Underwriters Group has dedicated itself to providing excess coverage to self-insured clients. We have an experienced staff that can focus solely on your self-insured workers' compensation needs. You can rest assured you will have the benefit of highly specialized senior level members working on your business. We pride ourselves on developing competitive solutions for your particular needs. We will provide you access to the best excess carriers, working with you closely as a business partner and advisor. In the placement of your excess coverage, our mission is to provide your company with a top quality and comprehensive program at the lowest possible premium. We accomplish this mission by: Our unique ability to access all of the major providers of excess workers' compensation coverage. We understand one size does not fit all. Your exposures, loss experience, coverage needs (Specific only coverage, or Specific and Aggregate coverage) and applicable jurisdictions all play a part in securing the most appropriate carrier for your program. Understanding your individual needs with risk management assistance to identify problem exposures or areas in your operations that may create unique situations. Working with you and the State Regulator(s) to simplify and streamline annual compliance and reporting requirements. This can be a daunting task, but we currently assist client's country wide in this process. Dealing with your Third Party Claims Administrator to ensure the proper claims reporting as specified by the excess contract. Our goal is to avoid having the carrier apply late reporting penalties, or even totally denying the claim. Assisting with Loss Control requisites, Claim Audits, Actuarial reports, and other services associated with a well rounded excess program. Excess Insurance Coverage Excess Insurance coverage is needed for either catastrophic or an abnormally large number of claims in any given contract period. Below is a quick overview of the types of coverages available. Specific Coverage - This is basically severity coverage. A single bad accident can often result in a claim much larger than you are, for risk management purposes, prepared to pay. With Specific Coverage, you can set a "specific" retention (SIR) above which the excess policy will reimburse you up to your policy limit. Aggregate Coverage - This is frequency coverage. With "aggregate" coverage, you can cap the losses you are responsible for during a given policy period. Once your losses have exceeded a predetermined Loss Fund, the contract will reimburse you up to the policy limit. Specific and Aggregate Coverage - Combining the above two coverages under one contract provides both severity and frequency coverage.
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