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Safety National adds large guaranteed-cost comp coverage

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Excess workers compensation insurer Safety National Casualty Corp. said that it will begin providing large guaranteed-cost workers comp policies.

The offering targets large employers “in need of a first-dollar program,” including hotels, light manufacturing, technology, retail, and food-related companies, St. Louis, Missouri-based Safety National said in a statement on Wednesday. The minimum premium for eligibility is $750,000.

Safety National said it also will begin providing captive services by offering additional insurance capacity for captives.

“Safety National will provide support for captive programs that would like a financially stable fronting carrier and risk-sharing partner. We offer support for workers compensation, liability lines and select non-admitted opportunities,” said Tom Hebson, St. Louis-based vice president of large guaranteed-cost workers comp and captive insurance services at Safety National, in an emailed statement.