Do you have a tough renewal or a new business opportunity coming up? Synergy is here to help!
We have a simple and efficient submission process and can turn it around in a matter of days. Send us a submission!
The Synergy Model
Synergy was founded on the principle that workers’ compensation should be much more than a burdensome expense that bruises bottom lines. Synergy believes – and our experience has shown – that it can be a catalyst for positive change.
Commitment to the Synergy Model produces safer work environments, fewer injuries, greater productivity, increased profits, and a real return on dollars “invested” in Synergy’s innovative workers’ compensation solutions.
While these results are impressive, they’re not unusual for Synergy.
The average Synergy account experiences a 31% reduction in mod and 34% reduction in worker’s compensation premium within 4 years of implementing the SOS business Plan.
More importantly, we help reduce workplace accidents to provide a happier and healthier team for your insured.
Does your tough renewal or new business opportunity fit the Synergy Model?
For companies that are facing challenges with workers’ compensation and believe in transitional return-to-work plans, Synergy is the ultimate partner in Underwriting and Risk Analysis, Loss Prevention, Claims Management, and creating a culture of accountability.
Among all insurance companies that write policies with $100,000 minimum in annual workers’ compensation premium, Synergy is the only one that is hands-on, provides tools to create a safer work environment and, on average, lowers claim costs by 65% after 4 years.
Synergy works with a broad range of industry sectors and class codes including, but not limited to: agriculture, education, food service, healthcare, industrial service, manufacturing, and social service.
We are looking to partner with employers who are serious about improving their workers’ compensation results and willing to commit to creating a safer work environment and implementing a transitional return-to-work program.
We have a simple and efficient submission process:
Submission Requirements:
- 5 years currently valued loss runs
- Payroll by class code, by state, for the last 5 years
- Acord 125-signed by insured and broker
- Acord 130-signed by insured and broker
- Experience modification worksheet
- Fleet schedule (if applicable)
Experience Mod
Synergy partners with companies with an experience modification factor of 1.0 or higher seeking to improve their safety culture, which drives down their overall costs.
The higher the premium and mod, the more compelling the Synergy message becomes for the prospect.
Lastly, large premium opportunities will benefit from the process and may warrant a look even if their mod is under 1.0.
- $100,000 – $150,000 must have a mod 1.2 or higher
- $150,000 – $250,000 can have a mod of 1.0 or higher
- $250,000+ can be looked at if the mod dips below the 1.0 threshold
Appetite
Four-walled or controlled exposures
Commission
Please speak with your Production Underwriter.
You can also view our appetite in each state:
- Delaware Preferred Class of Business
- Georgia Preferred Class of Business
- Maryland Preferred Class of Business
- Michigan Preferred Class of Business
- New Jersey Preferred Class of Business
- North Carolina Preferred Class of Business
- Pennsylvania Preferred Class of Business
- South Carolina Preferred Class of Business
- Virginia Preferred Class of Business
If you have a tough renewal or new business opportunity and you’re interested in partnering with Synergy, contact us today. We are happy to review any risks that may be a fit.