For hard to place & distressed risks
Workers' Comp Wholesale Network for Retail Agents
Find Workers’ Compensation for hard to place & distressed risks through a network of unique and effective markets.
Our value to retail agents and brokers
We work with retail agents, agencies, brokers and referral partners to bring effective Workers’ Compensation solutions to their hard to place and distressed risks. Through a network of tailored markets and a knowledgeable team of professionals Uprisk is a valuable market network to all partners. When markets close their doors to your impaired clients moving you to search for solutions outside of your network, Uprisk has you covered.
Jump Start
Market Availability Chart [PDF]
Fillable Acord 130 [PDF]
Workers' Compensation solutions for hard to place industries
Uprisk has solutions for all hard to place industries, below are industries that have seen success in our solutions. Not sure if your risk fits? Give us a call.
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Hard to place industry targets A-Z
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Agriculture
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Cannabis Operations
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Construction
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Demolition
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Distribution
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Entertainment
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Excavation
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Farming
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Fishing
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Food Processing and Packaging
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Freight Handling
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Hospitality
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Hospitals
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Janitorial Services
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Large Contractors
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Landscaping
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Manufacturing
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Mining
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Moving and Storage
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Oil and Gas Industry
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Recycling Facilities
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Repair Services
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Repossession
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Road Maintenance
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Security Services
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Staffing
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Transportation
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Tree Trimming and Removal
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Trucking
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Warehousing
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Waste Management
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Welding and Fabrication
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Understanding distressed indicators and their affect on coverage
Our solutions are an excellent fit for risks in the industries above and/or with distressed indicators outlined below. Not sure if your risk fits? Give us a call.
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Distressed Indicator
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Affect on Coverage
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Rough Loss History
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Frequent or severe losses can lead insurers to deem the client as high risk, resulting in limited options and potentially higher premiums.
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Bare, Canceled or No Previous Coverage
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Insurers may view these cases as higher risk due to the lack of established insurance history or past coverage issues.
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Elevated E-Mod
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Can lead to increased scrutiny and higher premiums when obtaining Workers' Compensation coverage
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In State Assigned Risk Pools
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Being placed in assigned risk pools typically signals a higher risk profile and service can be sub optimal.
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Multi-State Exposure
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Different policy's per state can cause issues with coverage management.
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Shock Loss
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Shock losses may lead to cancelation and stricter criteria for future coverage
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Program Spotlight: ASO / Payroll Opt-Out
Payroll Opt-Out is a non-HR invasive premium only program designed to fit the needs of tough to place industries and impaired risks. Coverage is provided through a master policy, where the risk remains the employer of record and payroll, tax, tax reporting and HR processes are untouched. Premium is pay as you go and billed on a pay period basis through after the fact payroll reports. This program allows risks to get effective Workers’ Compensation coverage while not affecting everyday functions.
ASO / Payroll Opt-Out Vs PEO
When comparing the Payroll Opt-Out program to other alternative options like a Professional Employer Organization (PEO), one of the key distinctions lies in the employer of record. In a PEO arrangement, the PEO becomes the employer of record, assuming responsibility for payroll, tax functions, and compliance reporting. This can lead to a significant shift in control and processes for the risk. In contrast, the Payroll Opt-Out program allows employers to retain their status as the employer of record. This means that all payroll, tax, tax reporting, and HR functions remain under the risks control, providing an easier and non-invasive implementation and ongoing coverage. Below are some key benefits:
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Program Features
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(A) rated carriers
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Pay As You Go premium payments
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Easy to add new codes & states
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Payroll, tax, and reporting functions untouched
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No year end audits
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E-Mod not directly calculated into pricing
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Submission Requirements & Instructions
Uprisk works with all retail agents and brokers to bring effective Workers’ Compensation options to hard to place and distressed risks. We require no appointment or contracts to work with us. Uprisk pays competitive and residual commission to all partners. Submission requirements and instructions are below:
Acord 130 | Loss Runs | E-Mod Sheet | Current or Expiring Dec Pages
Submissions can be made by email directly to: submissions@uprisk.com
Download Resources
Market Availability Chart [PDF]
Fillable Acord 130 [PDF]