Excess Insurance Analysis and Placement
The rising cost of self-insured Workers’ Compensation claims is leading to higher Self-Insured Retention amounts and increases in annual premiums. KBM analyzes the existing Excess Insurance in the context of historical claim trends. We utilize underwriting partners to provide quotations from the largest writers of Workers’ Compensation stop-loss insurance to produce the most competitive pricing and favorable contract language.
Self-insured Workers’ Compensation claim management is dependent on a thorough knowledge of how a stop-loss insurance policy works in conjunction with the plan. Employers who self-insure their Workers’ Compensation plan need to have a consultant who recognizes the importance of reports of injury and continuous follow-up with the insurance carrier to ensure proper payments are applied.
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