Workers Compensation
Workers compensation is designed to ensure that employees who are injured or disabled on the job are provided with fixed monetary awards for medical expenses and disability coverage, eliminating the need for litigation.
Our Capabilities
Preferred Advantage is able to cover all types of workers compensation exposures in all states, particularly hard to place, unique, and new exposures that standard insurers are unwilling or unable to consider. We specialize in:
- Hard to place programs
- New programs
- Companies that have had claims
- Companies going through change, such as a sale
- Companies experiencing rapid growth
Target Classes
- Real Estate
- Hospitality
- Health Care
- Contractors
- Manufacturing
- Retail
- Professional Services
- Agriculture
- And more!!!
The Exposure
- State mandated coverage
- As a general rule, businesses with five or more employees must be covered. (Contractors with even on employee must also buy coverage.)
Common types of injuries that lead to workers compensation claims are:
- Back injuries, usually the result of heavy lifting or falling and
- Repetitive stress injuries, like carpal tunnel syndrome, that develop over time.
Common Exclusions
- The employee was intoxicated or using illegal drugs
- Self-inflicted injuries (including those injuries caused by a person who starts a fight)
- Injuries suffered while a worker was committing a serious crime
- Injuries suffered while an employee was not on the job
- Injuries suffered when an employee’s conduct violated company policy
