49 of the 50 states require companies to obtain workers compensation coverage.
Most states allow private insurance carriers to operate in a competitive marketplace.
Unfortunately, sometimes none of the private insurance companies want to write high risk/hazard industries or companies who been struck by major claim (s).
An Assigned Risk Workers Comp Pool (i.e. Residual Market) or State Fund is the option of last resort. These entities are required to provide coverage for these companies at a higher premium to the business owner.
Please call us as we might have an alternative more affordable option (other than the State Fund or NCCI Assigned Risk Pool) for your company.
Our phone number is 1-800-860-9467.