Safeco Offers Monoline Workers Compensation Program

March 31, 2006

Safeco, based in Seattle, is offering its workers compensation product on a stand-alone — or monoline — basis in 25 states. The move is designed to give small businesses more flexibility in acquiring coverage through their independent insurance agent. Safeco currently sells workers compensation coverage in 39 states as a supporting line to businessowners or mid-market package policies.

“Expanding Safeco’s appetite to include monoline workers compensation signals the effectiveness of our automated underwriting, our confidence in this line and our desire to better serve U.S. small businesses,” said Mike Hughes, senior vice president of Safeco Business Insurance.

The 25 states where Safeco’s monoline workers compensation is available are: Arkansas, Colorado, Connecticut, Georgia, Idaho, Iowa, Illinois, Indiana, Kansas, Maryland, Michigan, Minnesota, Missouri, Nevada, New Hampshire, Oklahoma, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia and Wisconsin.

Safeco’s monoline workers compensation product covers small- and mid-sized risks with a policy premium up to $25,000. The product is competitive for risks involving clerical office employees, retails stores, physicians and outside sales.

In addition to coverage with Safeco’s expanded product, the company’s clients will gain access to Internet-based risk- control materials, worker safety program audits and development, an effective early-return-to-work program and specialized claims management. All were developed with the goal of lowering claims costs and insurance rates, while improving the safety of employees and their ability to return to work quickly after an accident, Safeco said.

Independent agents and brokers can quote workers compensation coverage, or a client’s full commercial account, by using Safeco Now, an online sales and service platform. The system allows users to write up to 12 different personal, commercial and surety products, including:

*Mid-market commercial package;
*Commercial auto;
*Workers compensation;
*Commercial umbrella;
*Monoline commercial property;
*Monoline general liability;
*Personal auto;
*Dwelling fire;
*Motorcycle; and

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