Excess Workers’ Compensation Insurance

Excess insurance provides self-insured employers and groups with insurance protection for large claims that exceed a specified retention.

  • Specific excess insurance provides a limit of insurance for each covered occurrence.
  • Aggregate excess insurance provides coverage once the total of all claims incurred during the policy period exceeds a certain amount.

Specific and Aggregate excess insurance highlights

  • Minimum retention $500,000
  • One Application for multiple “A” Rated Carriers
  • Self-Insurance Bonds
  • Regulatory and application assistance
  • Claims management services available
Safety and Loss Control available

Workers’ Compensation Retention Buy-Down (Buffer Layer)

Workers’ Compensation markets are firming forcing employers to fund higher retentions and deductibles.  Through a buffer layer policy employers can “buy-down” their retention to a more comfortable level for a reasonable cost.

Example: An employer with a self-insured retention of $500,000 could purchase a “buffer layer” of $150,000 excess of $350,000.

The benefits provided by the buffer layer policy include the major cost components of catastrophic claims including medical and defined benefits for wage loss.  Coverage includes claims arising from occupational disease, cumulative trauma and employers’ liability. Benefits are typically limited to seven years through a sunset and commutation provision.  Coverage can be customized to fit within an existing program with attachment points starting  at $50,000 with limits up to $1,000,000.

Large Casualty Deductible Program

Large Casualty accounts can cover multiple lines of business.  The large deductible program for Workers’ Compensation provides similar benefits to self-insurance.   General and Automobile Liability can be added to the Workers’ Compensation coverage to provide a comprehensive package of insurance from one carrier with a TPA providing claims management services.

Key Features:

Paid loss deductible program for individual or multiple casualty lines including Workers’ Compensation, General Liability and Commercial Auto Liability.

Low minimum retention levels:

  • $250,000 for Workers’ Compensation
  • $100,000 for General Liability
  • $100,000 for Commercial Auto Liability

Limits available:

  • Statutory Workers’ Compensation limit with $1,000,000 Employers’ Liability limit
  • $1,000,000 per occurrence / $2,000,000 aggregate for General Liability
  • $1,000,000 combined single limit for Commercial Automobile Liability

Other features:

  • Admitted coverage and comprehensive ISO based product suite
  • No minimum loss pick and no minimum premium threshold. Eligible accounts must have strong risk management programs in place, along with a desire and ability to adequately fund for retained losses and provide needed collateral to support credit risk
  • Bundled or unbundled claim services are available.
  • Enhanced Risk Control services are available through Brentwood Services and Carrier

Captive Insurance

Captive Insurance companies can be established to provide coverage for many types of risks.  Employers, associations and insurance agencies are just some of the types of entity that may benefit from a captive solution.  Generally a conversation is the best option for identifying the feasibility of a captive solution, and BrentRe can assist in the following key areas of captive formation and management:

  • Structure and formation
  • Fronting, reinsurance and excess insurance
  • Vendor and domicile selection
  • Policy issuance and billing

Please call us if you’d like to discuss a captive solution.

Other Programs

  • Loss Portfolio Transfer
  • Professional Liability (E&O/D&O) for insurance programs
  • Surety, Fidelity & Crime coverage