Employers Adds Agent Incentives for Pharmacy Workers’ Comp Program

Reno, Nev.-based Employers has enhanced its workers’ compensation insurance program for California’s independent pharmacies.

According to the company, independent pharmacies engage in many unique patient services, such as delivery, durable medical equipment (DME), and compounding, that can make acquiring workers’ compensation insurance a challenge.

Employers lowered its minimum premium from $1,000 to $750 in its phramacy program. In addition to its 12.5 percent commission for accounts $50,000 or under, the company is offering independent pharmacies an extra 5 percent credit against premium for renewals and flexible payments with 15 percent 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 are eligible.

Interested agents can provide a completed ACORD application, retail pharmacy questionnaire, and currently valued loss runs for three years. For more information, contact an Employers’ sales executive or call 866-717-7279.

Source: Employers

Topics Agencies Commercial Lines Workers' Compensation Business Insurance