J.W. Terrill, Inc. 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 for Specific/Aggregate coverage and awareness of new excess markets
- Highest quality underwriting submissions to obtain results in the challenging excess market. Underwriting data is also submitted electronically to all markets.
- Experience to broker difficult Self Insured risks. Our clients include construction, agriculture, electric utility, transportation (taxi cabs) and significant employee concentration
- Statutory Excess coverage
- Self Insured Bonds
- Facultative Reinsurance alternatives combined with traditional excess coverage
- Accidental, Death and Dismemberment plans
Self-Insured Group (SIG) Services:
J.W. Terrill, Inc. 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. This includes moderating a panel of the largest Excess Workers' Compensation markets.
- 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.
- Education on issues that impact our clients. For example, we provide valuable overviews of self insured conferences.
- J.W. Terrill is located in St. Louis which enables us to have convenient meetings with both Midwest Employers Casualty and Safety National Casualty.
- We work with our SIG clients to initiate a strategy to rely less on Excess Workers' Compensation and increase surplus.
- 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 enhance a long term partnership.
- We have assisted our SIG clients in obtaining new members:
- 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.
- Provide Workers' Compensation coverage for out state exposures.
- Directors and Officers coverage through the leading market specializing in SIGS.
For more information about our expertise in brokering Excess Workers' Compensation coverage contact Duke Niedringhaus, ARM or call 636-728-7622.