ClearPath Mutual Insurance Co. has expanded its workers’ compensation insurance offering into Indiana and Tennessee.
According to ClearPath Mutual, when it began operations in 2018, the company applied for licenses in Tennessee and Indiana to better serve its existing Kentucky agency partners and policyholders, while also building books of business in these two states. Once the license approval process was completed, ClearPath followed up by making filings in both states. Submissions for new business in Tennessee were solicited beginning during the fourth quarter of 2019, and in Indiana during the first quarter of 2020. The company plans to selectively appoint new agencies in these states.
Jeff Borkowski, ClearPath Mutual CEO said geographic expansion was one of the reasons the company transitioned from KESA, a self-insured group fund, to a mutual insurance company. It plans to add additional states as well.
ClearPath Mutual Insurance Company began operations on Jan. 1, 2018, and is domiciled in Louisville, Ky. ClearPath Mutual is a monoline workers’ compensation insurance carrier with approximately 7,100 policyholders and nearly $50 million in premiums.
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