MPG SOLUTIONS > STANDARD MARKETS
The standard insurance market tends to shy away from writing Workers’ Compensation coverage for distressed risks and industries – from healthcare to staffing, construction, transportation, agriculture, restaurants and others. The breadth and depth of our Workers’ Compensation insurance knowledge and long-term industry relationships puts Monarch Partners Group (MPG) in the unique position to find a home for risks within the standard market that may not otherwise be available.
Our staff will go to market for difficult-to-place risks that may include accounts with substantial payroll exposure in higher class costs, higher ex-mods, industries that carriers don’t want to write, those with multi-state exposure risks, start-ups, or in one or more state funds or pools.. We work with carefully selected carriers with a broader appetite willing to take on distressed risks. Some of these carriers specialize in writing specialized coverages for distressed industries, which also includes providing Workers’ Compensation options. You can tap into our experience with these carriers to secure coverage for your client.
Depending on the risk, MPG’s standard market provides:
With more than 30 years of experience and $900 million in payroll in our programs, MPG can find a Workers’ Compensation solution for most any distressed risk in any industry. We do this through our carefully selected, vetted and contracted Standard Markets, Administration Service Organizations (ASO), Professional Employer Organizations (PEO), Employer Of Record (EOR), and Captive program markets. MPG delivers to Agents & Brokers and their clients the right tailored solution. One size does not fit all when it comes to Workers’ Compensation solutions.