Vensure has a comprehensive workers’ compensation outsourcing program, which includes workers’ compensation insurance, claims administration, and loss control; including on-site inspections, safety program development, implementation, and maintenance; as well as federal and state OSHA compliance.
Up to 40% Credit on Manual Premium: Vensure offers many different types of credits and discounts, including, but not limited to the following, which provide premium credits up to 40% of manual premium for a preferred risk:
The Vensure underwriting team plays an integral role in pricing and issuing workers’ compensations coverage to Vensure’s PEO customers. Underwriting reviews and evaluates each submission and works with our suite of workers’ compensation insurance carriers to determine eligibility. Approved submissions are priced out by underwriting and returned to the agent for review with the prospective client.
The underwriting team also produces Vensure’s Client Service Agreements, which serves as our contract with the client. Once a client, the team continues to evaluate and process all new class codes and state endorsements, as well as produce certificates of insurance. In addition, underwriting works with claims and loss control to monitor and assess the performance of clients. This proactive approach allows Vensure to work with clients who may be experiencing poor loss performance to improve their losses, resulting in a safe workplace.
Our PEO workers’ comp claim services act as a liaison between the injured employee, your company, the workers’ compensation carrier, and the medical care provider; thereby increasing communication and understanding and reducing the potential for litigation.
It is our goal to assist the injured employee in making a full and timely recovery so they can get back to work through careful monitoring and processing of the claim. Vensure encourages behavior that will assist injured employees in getting back on their feet. Further, Vensure is an advocate of introducing employees back into the workforce at a speed and level at which they are medically able to do so. Vensure Employer Services active role in the claims adjusting process produces lower reserves and reduced disability time. Additionally, this approach improves the client’s loss history and experience modifier, ultimately resulting in lower premium costs.
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