FUNDING OPTIONS
Plans Tailored to Meet Business Needs
Guaranteed Cost
Provides first dollar coverage for a fixed premium regardless of losses incurred across a variety of industries.
This option is the most typical plan that insureds of all sizes purchase since premiums are set based on a calculation of payroll and exposure for the policy term, not the number and amount of losses that occur during that coverage period.
Zenith‘s Guaranteed Cost option is a good fit for companies who want:
Fixed premium based on their payroll audit
Ultimate cost known In advance
No billings beyond their final payroll audit
No collateral required
Dividend Plan
A dividend plan, or participating policy, allows an insured to share in the profitability of their policy. The customer would never owe more premium, but can receive a dividend if one is declared.
Dividends cannot be guaranteed and must be declared by Zenith before they are paid.
*Available only in select states
Zenith‘s participating Dividend Plans are a good fit for companies who want:
To prioritize workplace safety and successfully control their losses
Want to possibly share in the profits of Zenith Insurance
Retrospective Rating Plan
Retro policies ask the customer to initially pay premium equal to expected ultimate premium. Adjustments are made six months after expiration and annually thereafter.
If claims are lower than originally anticipated, a return Retro premium or refund will be issued. Higher claims will require payment to the carrier for additional Retro premium.
Zenith‘s Retrospective Rating Plan option is a good fit for companies who want:
Premiums based on their consistent historical and anticipated claims
Lower cost with better loss results
No collateral required
Less frequent billings or adjustments
Group Captives
A completely bundled and integrated product where all policyholder and claims services as well as reinsurance protection are provided by Zenith Insurance Company. Participants own 100% of the underwriting and investment results in their Zenith Group Captive.
*Available only for agribusiness
Zenith‘s Group Captive is a good fit for companies who want:
Stability and predictability in workers’ compensation costs over time
To avoid the cyclical nature of the insurance market
More engagement and transparency
Partnerships with fellow captive members and an insurance provider that shares their vision and will work together on best practices to achieve results
Large Deductible Rating Plan
Large deductible policies ask customers to only pay up front for policy expenses and charges for deductible and aggregate limits during the policy term.
Loss and allocated loss adjustment expenses (ALAE) under the deductible and related claims adjusting expenses are billed monthly as losses are paid.
Zenith‘s Large Deductible Rating Plans are a good fit for companies who want:
Reduced upfront premium
Lower costs with better loss results
Cash flow advantage
Premium tax efficient (only on deductible premium)
Stability and predictability in workers’ compensation costs over time
Zenith Claims Services
Unbundled solutions from a trusted third-party administrator (TPA) and reliable partner, offering extensive claims management solutions.
Zenith Solutions-Based Service is a good fit for companies who:
Want to be self-insured or already are and value a la carte, all-inclusive solutions
Have 100+ lost-time claims annually
Are in any industry