Understanding Workers' Compensation Underwriting Guidelines

Topics: Workers' Compensation

If you are working with an underwriter to help make sure your agency clients have the right amount of workers’ compensation coverage, having a working understanding of the process and terminology can be a huge help. To get started, check out our Workers’ Compensation Sell Sheet.

Why the Multi-Tiered Carrier Approach?

At AmTrust Financial, we realize that every business has a unique structure and differentiated needs. So we provide workers’ compensation from a variety of affiliated insurance carriers to make it easy for you to provide flexible pricing options for a competitive advantage.

Learn about how we do workers’ compensation insurance at AmTrust on our blog now.
Here are our workers’ compensation carriers:
  • AmTrust Insurance Company of Kansas
  • Associated Industries Insurance Companies
  • First Nonprofit Insurance Company
  • Milwaukee Casualty Insurance Company
  • Security National Insurance Company
  • Sequoia Insurance Company
  • Technology Insurance Company
  • Wesco Insurance Company

How Policies are Submitted

AmTrust is actively working with new technologies to help make the underwriting process as easy as possible. Our submission process for workers’ compensation insurance policies is simple, effective, and flexible for your clients. AmTrust Bind Online is a virtual system that makes it easy for you to get same-day binding or coverage with little underwriting assistance. Here’s how it works:

  • You submit the required information online through AmTrust Bind Online.
  • The Direct Submit system will generate a quote based on the information provided and submit to an underwriter on our team.
  • The underwriter will review, verify the quote and get back to you.

What’s great about the AmTrust Bind Online system is that it works seamlessly with AmTrust Online, and that means that producers and policyholders can get easy access to claim details, policies, and payment options through the same portal. The online system is available 24/7.

Workers’ Compensation Underwriting Guidelines

When considering AmTrust for workers’ compensation coverage, here are some general guidelines to help you better understand our risk appetite. With over 350 eligible classes, we are an ideal fit for many small to medium size businesses.  We look at the story behind every account to try and understand the risk involved and will make exceptions in certain cases, but as a general rule:

  • At least one full-time employee (in addition to the owners)
  • Fewer than 75 employees at a single location at the same time. For larger work sites, we will look at egress and number of stories.
  • Generally, one year in business with workers’ compensation coverage with loss run history submitted.
  • Prefer three years’ prior coverage on artisan contracting risks, though will consider an artisan contractor that hasn’t had coverage before if they were a sole proprietor now adding new employees.

These guidelines are not all-inclusive or applicable in all states. New ventures and those companies who have had no prior coverage will also be considered. For more information, check out AmTrust workers’ compensation insurance for independent insurance agents on the AmTrust Financial website.


Time Zones