non subscription proposal 7 2008
DESCRIPTION
TRANSCRIPT
Non-Subscriptionthe Texas Advantage
More Insurance For Your Dollar
ContentsContents
WORKERS COMPENSATION PROBLEM
NON-SUBSCRIPTION HISTORY
NON-SUBSCRIPTION BENEFITS
WHAT WE OFFER
POWTER ADVANTAGE
Texas is the highest cost state for
Workers Compensation Insurance
Workers Compensation ProblemWorkers Compensation Problem
Based on 2005 Bureau of Labor Statistics Fatality Data
94% are men
Majority are 25 – 54 years old
Claims drive up Premium
Claims drive up Premium
495 Fatal Occupational Injuries in Texas
5,702 Fatal Occupational Injuries Nationwide
Texas makes up almost 9%
Texas is the HIGHEST cost state for Workers Compensation Insurance
Transportation accidents are leading event for work related deaths
Non-Subscription HistoryNon-Subscription History
Non Subscription Merged as an alternative business that chose not to subscribe provided their own injury benefit plan to cover their own injuries.
Excessive litigation and fraud caused most insurers to
leave the state
Workers Compensation was out of control
In 1989 Texas faced a crisis
Non-Subscription BenefitsNon-Subscription Benefits
Claims Control
Capital
Prevention
Rules
Savings
4. Decrease Cost
5. Taylor Made ERISA
Document
1. Employer Controls Claims
2. Increase Employer
Benefits
3. Safety Incentives Downfalls:
1.NO Lifetime Disability Benefit2. Employer is open to law suits
Non-Subscription Added BenefitsNon-Subscription Added Benefits
1
2
3
Primary Employer Indemnity Insurance
Experienced Claim Administrators help employers manage claims, control exposure, claim costs and lost productivity associated with job-related accidents.
First day coverage for new employees
EXPERTISE
EXPERIENCED 80%
300
•Business owners spend more time with their business and less time with insurance
•60,000 deliveries a day
Account Managers who
average 25 years
experience each
80% of our business is made up of
Food Delivery Insurance
1,600 locations nationwide
Access to over 300 different A Rated Carriers Nationwide
SOLUTIONSRISK
REDUCTION
..
POWTER ADVANTAGEPOWTER ADVANTAGE
What We OfferWhat We Offer
•PROPERTY & GENERAL LIABILITY•WORKERS COMPENSATION•OCCUPATIONAL ACCIDENT
•BUSINESS AUTO•EPLI
•HOME•AUTO
•UMBRELLA•BOAT / RV/ ATV
BUSINESS INSURANCE
PERSONAL INSURANCE
