Across the nation, headlines consistently share reductions in workers’ comp rates.
To give you an idea, here’s a snapshot from various publications:
“Florida approves 6.6% rate decrease to workers’ comp rates” (Insurance Journal)
“Tennessee announces comp premium reductions for 2021” (Business Insurance)
“New year brings public employers 10 percent rate cut on work comp premiums” (The Pike County News Watchmen, an Ohio publication)
“No increase for average workers’ comp rates in 2021” (Washington State Department of Labor & Industries)
While the decreases vary from state to state, one thing is clear:
2021 has started with an opportunity for insurance brokers and employers to benefit from cost savings.
It’s a no-brainer that saving money and benefiting from rate reductions is something everyone wants to do.
Security + Protection = Savings
One way to save money? By ensuring the right insurance coverage is in place to cover those “what if” scenarios when they happen because things happen when you least expect it.
Workers’ compensation insurance is one of the most important pieces of coverage that brokers will ever sell, or employers will ever buy.
WHY? Because there is a tremendous amount of liability associated with potential job injuries. And workers’ comp provides a layer of security and projection that is hard to deny.
Every type of business needs workers’ comp insurance. This protection helps to ensure compliance with state requirements and coverage for out-of-pocket expenses you didn’t see coming.
If a business has employees or contractors…
If on-the-job injury or sickness is a possibility…
If a business needs protection from potential lawsuits…
If coverage for medical treatments, disability benefits, vocational rehabilitation, or funeral services are benefits
If a state requires insurance to keep a business compliant…
Even if a state doesn’t require insurance for compliance…
If you sell commercial insurance to any size employer…
Then workers’ comp insurance is important and essential.
But finding the RIGHT type of workers’ comp insurance isn’t always that easy.
Find Workers’ Comp Solutions. Increase Your Benefits.
In today’s shifting marketplace with so many variables afoot, you need to know where to look and how to find the best solution to cover unique business scenarios.
From flexible payrolls that evolve with market changes to higher risk industries or businesses with a history of claims—finding the RIGHT options might create competitive challenges.
The good news is Syndicated Insurance Resources offers affordable pay-as-you-go solutions with A-rated carriers designed to meet the risks and needs for more than 900 class codes throughout the nation.
Let Syndicated help you start benefiting from reduced workers’ comp rates today.
Call us for a free, no-obligation quote to get started: 877-333-8195
Brokers get a free quote using this simple 12-question form: http://bit.ly/3pJ5fFq
Let us help you start benefiting today!