EMPLOYERS® builds new agent incentives into workers’ compensation coverage for independent pharmacies
Jan 3, 2007 — RENO, Nev. — EMPLOYERS® today announced its enhanced workers’ compensation insurance program for California’s independent pharmacies. This program is designed to help independent pharmacies gain access to an outstanding workers’ compensation product.
“California’s independent pharmacies provide their patients excellent service achieved through focus on the business of prescription medicine,” said Hale Johnston, Pacific Region President for EMPLOYERS. “When it comes to workers’ compensation, no group of companies is more focused than EMPLOYERS on the small business segment. We feel this focus creates a uniquely positive experience for our customers which is truly valued.”
Independent pharmacies engage in many unique patient services such as delivery, durable medical equipment (DME), and compounding. These can make acquiring affordable workers’ compensation insurance a challenge. The EMPLOYERS Pharmacy Program anticipates these exposures so that qualified businesses can enjoy the benefit of preferred program pricing.
EMPLOYERS also recently lowered its minimum premium from $1,000 to $750, in accord with its industry focus on providing workers’ compensation insurance and services for America’s small businesses. In addition to its 12.5% commission for accounts $50,000 or under, EMPLOYERS offers independent pharmacies an extra 5% credit against premium for renewals and flexible payments with 15% deposit and nine monthly installments for accounts with more than $5,000 EAP.
Retail pharmacies with at least three years in business without a lapse in coverage, no more than one claim in the last three years, no 24-hour operations, and a limited, 25-mile delivery area may qualify for coverage under the expanded EMPLOYERS underwriting guidelines.
Interested agents can provide a completed ACORD application, Retail Pharmacy Questionnaire, and currently valued loss runs for three years; EMPLOYERS will determine your client’s eligibility and provide a quick quote on each qualified submission. More information on how agents can respond to the workers’ compensation insurance needs of small, retail pharmacies is available from your EMPLOYERS Sales Executive at (866) 717-7279.
Media Contact: Lauren Meckstroth, The Abbi Agency
(775) 446-4678 or firstname.lastname@example.org
Company Contact: Mike Paquette
(775) 327-2562 or email@example.com
Investor Relations Contact: Adam Prior, The Equity Group, Inc.
(212) 836-9606 or firstname.lastname@example.org
About Employers Holdings, Inc.
EMPLOYERS® and America’s small business insurance specialist® are registered trademarks of EIG Services, Inc. Employers Holdings, Inc. is a holding company with subsidiaries that are specialty providers of workers’ compensation insurance and services focused on select, small businesses engaged in low-to-medium hazard industries. The Company operates throughout the United States, with the exception of four states that are served exclusively by their state funds. Insurance is offered through Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, Employers Assurance Company and Cerity Insurance Company, all rated A- (Excellent) by the A.M. Best Company. Not all companies do business in all jurisdictions. See employersstage.wpengine.com and www.cerity.com for coverage availability.