Is your workers’ compensation insurance premium uncomfortably high? If you have a history of Workers’ Compensation claims, if your company is newly established, or if it’s labeled high-risk for injuries, you’re probably swimming in the “assigned risk pool.”
Business owners want to dive in on the open market because that’s where insurance companies offer lower rates and premium discounts. The good news, you can get out of assigned risk. You’re struggling but you don’t have to drown.
FACT: Businesses bobbing in assigned risk water often pay 25 to 35% more for Work Comp coverage. Assigned risk rates are fixed and significantly higher than open market policies.
FACT: Every business is legally required to carry Work Comp coverage for employees.
To see how Focus HR, Inc. can help you get out of assigned risk click here.