Workers’ Compensation Facility
Workers’ Compensation Facility
What if your Workers’ Comp program paid you back?
For most Alternative Asset Managers, Workers’ Comp feels like a one-way street. You’re paying premiums based on total compensation, not your actual risk, and no matter how clean your loss history, you’re stuck with the same guaranteed-cost program as everyone else.
It doesn’t have to work that way.
The alternative asset class has consistently outperformed on loss ratios. That should count for something — and with the right program structure, it does. We help firms like yours turn strong loss experience into real financial returns, unlocking program benefits that most managers assume are only available to larger organizations.
That’s exactly why we built it. Vanbridge’s Workers’ Compensation facility was designed specifically for Alternative Asset Managers, Hedge Funds, and Private Equity firms, combining competitive rates from day one with a dividend of up to 47% of standard premium, based on the collective loss experience of all participants. Dividends are paid out six months after policy expiration.
The results speak for themselves: over the last 12 years, the facility has handled more than $62M in cumulative premium and returned approximately $14.4M in dividends to participating clients.
Benefits of the program include:
Eligibility
In the facility, ALL companies would be eligible for up to a 47% dividend based on the aggregate annual loss history of all participants.
No Minimums
No minimum premiums or restrictions on company size.
Transition Program
New accounts can be transitioned to the facility renewal date (December 2026), via short-term “stub” policies on a pro-rated basis in order to avoid short-rate cancellation penalties from other carriers.
Claims Capped
To protect the dividend against shock losses, claims are capped at $250k per occurrence within the dividend calculation.
Separate Policies
Each company is quoted and bound on separate policies and continues to maintain its own separate experience mod factors.
Calculations
Dividend calculation based on losses valued 18 months from policy inception; One-time calculation, no LDFs or claw backs; Checks cut and sent out immediately thereafter.
A-Rated
Facility insurance carrier is A XV rated by A.M. Best and is able to provide competitive pricing for additional lines (Package, Auto, Umbrella and Foreign).
Seamless Transition
Transition is seamless as Vanbridge allows clients to access its program through their current insurance broker. No broker change is needed.
We are excited to continue to grow this niche program for the benefit of our clients and broker partners and look forward to the opportunity to share how our Workers’ Comp facility can benefit your firm. To learn more, contact Mike Fitzsimmons at 646.572.9352 or [email protected].