The employees’ compensation environment is growing increasingly complex and challenging as new issues continue to arise. A stream of legal and regulatory changes is contributing to more complex employees’ compensation claims and higher costs.
Our employees’ compensation experts design insurance programs that reduce costs, and we analyze clients loss data to identify the causes that can be most efficiently eliminated.
We understand the client’s industry, their company, and the intricacies of employees’ compensation coverage. We do a thorough and proper evaluation of the existing situation and then explore the possible options. Our team provides clients with the expertise they need to understand all the options available to them. For the benefit of their employees or injured third-party professionals on their premises, a well-structured employees’ compensation program is designed and implemented.
We deliver the complete range of employees’ compensation offerings. These include: Optimal program design, execution, and placementClaims management and advocacy.
An accident is an unfortunate and unforeseen incident beyond one’s control. Notwithstanding all preventive measures, accidents can and do occur at workplaces. A WC policy is procured by the employer to secure and safeguard themselves against legal liability toward their employees/workmen with respect to injuries, disablement and diseases arising out of and in the course of the employment.
This is a No-fault liability insurance, but causality must be established. The benefit derived from this insurance is dependent on the employee's earnings. This policy serves two purposes: It assures that injured workers get medical care and compensation for a portion of the income they lose while they are unable to return to work and it usually protects employers from lawsuits by workers injured while working.
We understand this risk the client faces and helps you mitigate it to protect and cover for compensation that needs to be made to the employees if personal injury is caused to them by accidents arising out of and in the course of their employment. We have successfully placed policies for multiple employers to cover liability towards employees/dependents under the statute and common law.
Employers' liability product helps protect the client from financial loss if a worker has a job-related injury or illness not covered by workers' compensation.
We, at Prudent, help our clients to work out the right risk coverage that can be bundled with their existing workers' compensation insurance to further protect them against the costs associated with workplace injuries, illnesses, and deaths not covered under workers' compensation. EL is a broader and wider cover than WC.
We have vast experience working as a full-service insurance broking agency.
See some of the commercial insurances