Many business owners in the assigned risk pool aren’t fully aware of what it is or why they’ve been placed there—and how it may be costing them more than necessary.
The assigned risk pool is a last-resort market designed for businesses that insurance carriers deem too high-risk for the standard, voluntary market. According to the International Risk Management Institute (IRMI), this pool serves businesses that haven’t received voluntary offers from insurers. While it provides necessary coverage, it often comes with higher premiums.
How We Can Help?
At SIA Insurance, we specialize in helping businesses transition out of the assigned risk pool into the voluntary market, where you could save 30–50% on your workers’ compensation premiums. Over half of the business owners I speak with are surprised to find out they’re eligible for lower-cost coverage.
If you’d like to explore competitive quotes and learn how we can help you save, simply click here.
