EMPLOYERS®, a long-standing player in the workers' compensation insurance market, has recently announced its expansion into excess workers' compensation insurance. This new offering aims to serve self-insured businesses, leveraging over a century of industry expertise.
Excess workers' compensation insurance provides additional coverage for businesses that self-insure their worker-related risks beyond a certain threshold. This means that if an employee's claim exceeds the self-insured retention limit, the excess policy kicks in to cover the remaining costs. It’s a safety net for organizations looking to manage their financial exposure while continuing to handle their workers' comp claims in-house.
This expansion targets self-insured businesses across various industries, effectively enhancing their risk management strategies. Companies that opt for self-insurance can now access a dependable layer of financial protection, giving them peace of mind that they won't face overwhelming costs if a claim exceeds anticipated limits.
Overall, this expansion illustrates EMPLOYERS® commitment to supporting self-insured clients and enhancing their risk management frameworks. With this new product, the company is positioned to provide more tailored solutions that fit the evolving needs of businesses today.