Over the past several years, the workers compensation market — particularly in Indiana — has been very competitive. We have received regular notices from our insurance company partners that their base rates in several classes of business are going down. At Briggs Agency, Inc., we want to be a one-stop shop for all of your business insurance. We provide our services to a wide spectrum of industries — including construction and contractors, auto body and mechanic shops, restaurants, hotels, retail, light manufacturing and transportation.
The Indiana Department of Insurance says that workers compensation rates in the Hoosier State have been on a downward trend for several years, and it can be directly attributed to a drop in frequency of worker injuries. Not only are workplace injuries happening less often in Indiana, but also, for many years, the job market has been booming — therefore creating a larger base for collecting workers comp premiums. The more businesses paying workers comp premiums will create a more competitive market and larger pool for claim paying ability.
We also believe Hoosier employers have really stepped up to the plate with creating safer work environments for employees. When you partner with Briggs Agency and our insurance carriers for your workers compensation needs, you will also receive loss control and safety services. Many of our insurance carriers will provide policyholders with tools to utilize, such as online safety training resources and videos for employees and new hires, 24/7 nurse triage services, and on-site consultation to help you identify hazards and develop protocols.
Maybe Hoosiers just do better business!
Feel free to get in contact with our agency and we will be happy to discuss workers compensation insurance with you.