PMA specializes in providing complete workers’ compensation risk management solutions to clients in a variety of industries.
Formats
Submissions can be considered as part of an account supported by other lines of business, or as a monoline account.
Forms
NCCI and / or Independent Bureau Coverage Forms
Capacity
Coverage A Workers Compensation: Statutory
Coverage B Employers Liability: $1M bodily injury by accident each accident / $1M bodily injury by disease each employee / $1M bodily injury by disease policy limit
Concerns
Prudent underwriting for concentration of employees, exposures to EQ and terrorism.
No appetite for Trucking, Chemical and Pharmaceutical, PEO/Temporary Staffing, Agriculture, Risks with Occupational Disease Exposure, Risks with Drivers under Age 21, Millwrighting, Petroleum/Gas, Utilities (no trenching), Firearms, Terrorism Potential and Home Health Care.
Products
Incurred and Paid loss Retrospective rating plans including LRARO for eligible accounts
Large Deductibles
Pre-funded Deductibles
Alternative risk transfer products (client – owned captives, rent-a-captives, groups & programs)
Fixed cost. PMA has three tiers of rates for good, better, and best in most states
