Recently, the Workers’ Compensation unit at All Risks was able to secure coverage for a tough-to-place Non-Emergency Medical Transportation company in New York with a competitive carrier AND save the insured $40,000 in premium.
The Customer: A non-emergency medical transportation (NEMT) company that provides around-the-clock emergency medical services in New York, with 196 total employees including sales, clerical and drivers with on-the-road exposure. Services this company provides are: transportation for patients with varying degrees of health conditions to medical visits, hospital discharges, inter-facility transfers, and long-distance transfers.
The Challenge: Historically, New York has been a hard-to-place state due to strict state rating guidelines and tough legislative compliance. This NEMT company's challenge was twofold.
The first issue they were facing was finding less expensive NEMT Workers’ Compensation coverage. Most recently, their coverage was with the NY State Fund and their premium was dramatically increasing.
Due to their on-the-road exposure, finding a carrier who was willing to cover their operation was the most complicated challenge. Most carriers want to loss control this type of prospect, or not write the risk at all, due to its lack of a true work location.
The road exposure is what makes the NEMT industry as a whole so tough-to-place, and is why this company was covered under the State Fund.
The Results: Due to All Risks' exclusive market access and long-standing carrier relationships, we were able to approach several admitted markets to review this NEMT operation. Ultimately, All Risks' was able to secure comprehensive Workers' Compensation coverage for this client with an A.M. Best "A" rated, admitted carrier and save them $40,000 in premium.
2020 has started off as a banner year for All Risks' WC Non-Emergency Medical Transportation (NEMT) Specialty program. Not only have we been able to assist with placing the Workers' Compensation insurance for this under-served industry, but we've been able to do so with substantial savings for our clients.
Contact our insurance specialists today to learn more about our NEMT insurance solutions. For more details on All Risks' WC NEMT Specialty program, including eligible class codes, minimum premiums, available states and more, download our NEMT flyer.