Amwins Program Underwriters Expands Workers Comp Offerings With AmeriComp Program
PRODUCT: AmeriComp Workers’ Compensation Program.
COMPANIES: Amwins Program Underwriters and QBE.
BEST RATING: A.
AVAILABILITY: Appointed agents and brokers only.
FOCUS: Amwins Program Underwriters (APU), part of the Amwins Underwriting division, recently announced the launch of its new AmeriComp Workers’ Compensation Program, a comprehensive underwriting solution designed to meet the evolving needs of today’s employers across a broad spectrum of industries.
“This represents an exciting evolution for AmeriComp’s product line, complementing their existing market access solution with a new, true underwriting program backed by QBE,” says Jon Beckham, president at Amwins Program Underwriters. “This next step showcases our deep underwriting expertise, trusted carrier partnerships and unwavering commitment to delivering innovative, high-performing solutions that help our clients win in a competitive marketplace.”
COVERAGE DETAILS: Amwins Program Underwriters’ AmeriComp Workers’ Compensation Program was designed to address the need for a flexible, robust solution that serves a wide range of industries. Backed by QBE’s financial strength, the program offers guaranteed cost options, except for state-mandated small deductibles; sophisticated risk management features; a broad underwriting appetite; and employer liability limits up to $1 million/$1 million/
$1 million.
UNDERWRITING: To submit a risk, agents should provide a completed Acord 130 and a workers comp supplemental application with three to five years of currently valued loss runs and an experience modification worksheet.
Amwins requires a minimum of three years of prior continuous coverage. Loss control surveys are conducted every three years for accounts with a minimum premium, with the option of virtual or on-site reviews based on the nature of operations.
TARGET: Retailers, distributors, food processors, hospitality, manufacturing, media, technology and service sectors. Amwins focuses on accounts with a minimum premium of $25,000 but can consider lower minimums for the right risks. The program is especially well-suited for agents and brokers with complex or specialized accounts that require flexible underwriting and responsive service.
COVERAGE AVAILABILITY: All U.S. states.
CONTACT: Megan Talley, vice president, marketing-underwriting, Amwins.
Will Jones is IA editor-in-chief.
Insurance Markets
This month’s issue
The February issue is out now!
