PRODUCT: Monoline workers comp

COMPANY: Various markets including subsidiaries of AIG, Berkshire Hathaway, QBE and Trusted Choice® company partner W.R. Berkley.

BEST RATING: A or better

AVAILABILITY: The workers comp program is available through 5Star Specialty Programs, managing general agency and a division of CRC Wholesale Group. Retailers can email workers comp submissions. Subagent commissions from 5Star generally run 5%.

FOCUS: 5Star intends to sustain its trend of growth in monoline workers comp business. Without disclosing particulars, Gary Uhlemeyer, senior vice president of workers compensation, says the company’s book of business totals about $100 million. To sustain success, 5Star is launching a marketing campaign to attract more independent agents. The message: The company carves out an underserved niche, catering to agents and brokers who are either in need of workers comp markets or lack the expertise to serve a particular class in this line. 

UNDERWRITING: 5Star writes mainly first-dollar/guaranteed cost program business, but it also welcomes self-insurance and other retention programs. Location, business type and premium size determine which company may quote the business.

MINIMUM PREMIUM: $5,000.

TARGET: Underwriters serve more than 500 class codes and welcome virtually any size or kind of business, regardless of payroll or number of employees.

COVERAGE TERRITORY: All non-monopolistic states.

CONTACT: Gary Uhlemeyer, senior vice president of workers compensation, 5Star Specialty Programs; 906 South Kirkwood Road, St. Louis, MO  63122; 314-965-7474.

Ron Lent is an IA contributor.