Gunnin Insurance leverages its deep connections with insurance providers and broad experience in the industry to find workers’ compensation insurance programs that meet our clients’ specific challenges. Our offerings typically use one of these four structures:
- Guaranteed cost insurance provides for a fixed premium over the term of the policy irrespective of the current year claims experience.
- Deductible programs allow an employer to assume a portion of the costs associated with each claim in exchange for a lower overall premium than the guaranteed cost option.
- Retrospective plans adjust the final charged premium in response to the insured’s losses over the term of the policy.
- Captive programs, in which the insured owns the insurer, can be the right solution for some businesses, offering tax advantages, cost savings and unique risk-management strategies. Captives can have a single parent, be owned by a group, or can be rented from third-party owners.