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Program Overview
A workers’ compensation excess insurance policy is written to indemnify the self-insured employer for workers’ compensation claims (and Employers’ Liability claims) exceeding a designated dollar amount. The excess work comp insurance covers all work comp losses up to a specified cap, or it can be based on applicable state statutory limits.
The employer must be a qualified self-insurer in the state for which coverage applies.
Eligibility
All members who are qualified self-insurers for workers compensation are eligible.
Policy Details
Several insurance companies offer excess workers compensation to qualified self-insureds. Marsh can access these insurers on WCIA member’s behalf to negotiate the most cost effective and comprehensive program.
Cost
A fully completed application is require in order to secure a quote. Determining factors for cost include but are not limited to:
- Estimated annual worker hours or payroll
- Concentration of employees in any single location
- Historical claims