Protecting Your Workforce
Securing Your Future
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WHAT IS WORKERS' COMPENSATION?
WHAT IS THE DIFFERENCE BETWEEN A “CAPTIVE WORKERS’ COMP INSURANCE AGENT” AND AN “INDEPENDENT WORKERS’ COMP INSURANCE AGENT”?
As a consumer, it is important to understand the distinctions between the two. In short, Captive Workers’ Comp Insurance Agents (like State Farm, Farmers, Allstate, and AAA) are contracted to work for the one insurance company they exclusively represent and can only sell that company’s insurance policies. In theory, the client is limited to only one option to choose from.
On the other hand, Independent Workers’ Comp Insurance Agents, like PIA Select Insurance Solutions, are contracted to work with a wide variety of “A Rated” insurance companies. With this way of conducting business, we function as an advocate for our clientele and offer them multiple options to choose from. This places us in a position of negotiating power because we are not trapped representing just one insurance company.
There are a wide variety of reasons why you would choose an Independent Insurance Agent vs. a Captive Insurance Agent. One of the main reasons is cost. Collaborating with an independent agent will usually be more cost effective for you than collaborating with a captive agent. Simply because an Independent Agent has a wide variety of options for you to choose from and a Captive Agent usually just has one.
LOSS CONTROL, SAFETY & RISK MANAGEMENT SERVICES
Providing a safe work environment is essential to a thriving and productive workforce. PIA Select Insurance Solutions assists our clients in creating and maintaining a safe workplace that reduces claim frequency and severity while lowering their experience modification factor (X-Mod). We partner with a wide variety of Workers’ Comp insurance companies that offer Loss Control, Safety & Risk Management Services to help our clients provide a safe place for their employees to work. We understand how important it is to protect some of your most valuable assets – like your employees and especially your reputation.
A strategic and comprehensive Risk Management Plan will assist you in building and maintaining a strong culture of safety, so your employees have a safe environment to work. Additionally, we work closely with our clients, so they become safer and more profitable through risk management and workplace compliance programs.
MODMASTER WORKERS’ COMP BUSINESS ANALYSIS
Hiring PIA Select Insurance Solutions to manage your workers’ comp insurance comes with several extremely valuable services. One of them is ModMaster which provides our clientele with a powerful and insightful workers’ comp analysis. ModMaster is a strategic tool that provides an analysis of a company’s workers’ comp X-Mod. The ModMaster analysis helps companies grow strong and stay strong.
ModMaster Identifies cost drivers and provides strategic guidance to help our clients improve their X-Mod and most importantly, save money. The analysis will illustrate which factors are controlling your X-Mod. Additionally, we will provide a customized report that shows our clients the benefits of risk mitigation on their premiums. This is a critical tool for assessing risk and controlling outcomes. The Insurance Portfolio Advisors at PIA Select Insurance Solutions firmly believes “what gets measured, gets managed.
ZYWAVE CLIENT CLOUD PORTAL
As a client of PIA Select Insurance Solutions and for us to better serve you, another value-added benefit we offer is access to our Zywave Client Cloud Portal and cloud-based software system. Our Commercial and Employee Benefits clients have access to centralized tools and content that you need to solve your business’s unique pain points. Whether you need help with HR, compliance, employee training, loss control, or another need, we can provide the resources to transform the way your business reacts. Best of all, this industry-leading resource is a complimentary service we offer to our clients.
We will provide you with access to wellness resources, loss control strategies, cost containment resources and an easy access software portal. With PIA Select Insurance Solutions, you will have electronic access to these materials and other resources through your company’s unique client portal. The site includes an expensive library of HR and risk management resources, including legislative guides and newsletters. Plus, you will have online access to a wide variety of valuable OSHA resources, including an easy-to-use OSHA reporting and analysis tool.
When it comes to meeting your compliance and HR needs, we understand the administrative burden businesses like yours face. We can help you leverage interactive HR tools, create custom employee handbooks, and provide on-demand resources to help answer your pressing compliance questions using the tools available in our Client Portal, powered by Zywave.
Our Client Portal can help take your business to the next level with the many resources available to solve common business problems. Some of the valuable resources you will have access to are:
- Human Resources
- Employee Benefits
- Risk Management
- Safety Programs
- Handbook Builder
These are just a few of the beneficial features that PIA Select Insurance Solutions Client Portal has to offer. Plan to manage your business needs and make your life at work more manageable with all these efficient and state-of-the-art resources. If you need additional information or just have some questions, please contact our V.P. of Commercial Sales, Eric L. Rudy at (916) 755-1281.
How PIA Select Insurance Solution can help you?
Have any questions? Ask us anything, we’d love to answer!