Public Entity Business Product Introduced in S.E.

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A new public entity business product to provide workers’ compensation for cities, towns, counties, and water and sewer districts has been announced by Key Risk Insurance Company. Coverage is available in North Carolina, Georgia, Tennessee and Virginia. The program is unavailable in South Carolina.

KRIC bases its public entity business on strict underwriting criteria. To be eligible, a city or town must have a population of 50,000 or less. A county must have a population of 100,000 or less.

Submissions on new account prospects should include:

1. An ACORD application;

2. Currently valued loss runs for the four years;

3. A completed supplemental application; and

4. An experience modification worksheet.

Due to KRIC’s experience in the workers’ compensation industry, it has an established presence in various niches within its marketing territories. The company has provided workers’ compensation to different types of businesses and has established itself as a major player in the healthcare and public school markets. In three years, KRIC has gained experience through its program to provide workers’ compensation coverage to North Carolina cities, towns, and water and sewer districts.

Independent agents can access this program through various sources:

North Carolina cities, towns, counties, water and sewer districts, should contact Millennium Insurance Group, www.millenniuminsurancegroup.net, badams@migins.com, or (336) 476-0010.

Georgia and Tennessee cities, towns, counties, and water and sewer districts, should contact Public Entities of America, del.powell@ioausa.com, nancy.quarles@ioausa.com, or call (800) 535-4305.

Virginia cities, towns, counties, water and sewer districts, should contact KRIC agents. Applications for eligible prospects may be sent to newbusiness@keyrisk.com or by fax (336) 605-7501. For information, contact Kim Fiedler, Virginia Territorial marketing manager, kfiedler@keyrisk.com, or (800) 942-0225, ext. 5018.

Topics Workers' Compensation Virginia North Carolina

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