Self-Insured Workers Compensation
J.W. Terrill offers complete brokerage services for Self Insured Groups (SIG'S) or Individual Self Insured Entities to obtain Excess Workers' Compensation coverage. Currently, only six carriers control over 90% of the excess premiums. Most brokers can access these very limited number of Excess Workers' Compensation markets, our difference is the level of expertise and resources we offer our clients.
J.W. Terrill offers the following brokerage resources:
- • Market Knowledge of every Excess Workers' Compensation carrier
- • Highest quality underwriting submissions to obtain the most competitive terms
- • Experience to broker difficult Self Insured risks. Our client's exposures include construction, heterogeneous,
electric utility, taxi cabs and significant employee concentration - • Self Insured Bonds
- • Reinsurance alternatives combined with traditional excess coverage
- • Accidental, Death and Dismemberment plans
- • Occupational Accident Program to reduce the Self Insured Retention (perfect for high California SIR'S or municipalities)
- • Loss Portfolio Transfers
Self-Insured Group (SIG) Services
J.W. Terrill is a valuable partner to our SIG clients. Specific examples of the expertise we offer include:
- We are actively involved in SIIA (Self Insurance Institute of America) and assist in developing the leading Self-Insured Conference for SIG's
- Our SIIA involvement allows us to network with the leading SIG specialists for Actuarial, Accounting, Investments and TPA. This enables us to offer additional insight to any issues related to the management of your SIG
- J.W. Terrill is located in St. Louis which enables us to have convenient meetings with Safety National Casualty Corporation (the largest excess carrier) and Midwest Employers Casualty
- We have assisted some of our SIG clients develop strategies to rely less on Excess Workers' Compensation and increase surplus
- Analytics to select the retention level
- We are an independent St. Louis owned insurance brokerage; we do not offer Self Insured Group Management or Workers' Compensation Claim / TPA Services. Therefore, we are also an independent resource for entities that manage SIG's and want objective brokerage expertise for Excess Workers' Compensation
- J.W. Terrill facilitates introductions between our Clients and Excess Underwriters to ensure a solid, long term partnership
- We have assisted our SIG clients in obtaining new members. For example, after an excess market declined a $300,000 premium member due to employee concentration, J.W. Terrill created a separate reinsurance placement thus allowing the SIG to add this member
- Directors and Officers coverage through the leading market specializing in SIG's
- Our expertise in Group Captives provides insight on the differences between Captive and SIG managers
- Education on issues that impact our clients. We provide overviews of self-insured conferences and white papers on SIG-related issues
- We facilitate placement of outstate exposures
For more information about our expertise in brokering Excess Workers' Compensation coverage contact Duke Niedringhaus, ARM or call 314-594-2622.