Assigned Risk Pools Anchorage

Assigned Risk Pools – What You Need To Know

Assigned Risk Pools AnchorageNo POOL for you! The Assigned Risk Pool was established by each state to make sure employers could obtain workers compensation insurance even if standard market insurance companies were not willing to provide coverage for their business. Assigned Risk Pool rates are HIGHER than those for the same classification codes in the standard market. Assigned Risk Pool Plans are generally the market of last resort. You DO NOT want to be in THIS pool! You will pay more just to dip your toes here.

You’ll find that somewhere around 10% of all insured employers found within NCCI governed states are swimming in the pool! A significant number of insureds!

Why are you in the “Pool”?

Possibly you are a high-risk industry such as oil drilling operations or roofing;
Maybe because you have significant past work comp losses and are no longer acceptable to insurers who operate in the standard market place;
Or you are a new business and not considered acceptable in the standard market and are thus forced to secure workers comp coverage through the Assigned Risk Pool.

Sadly, we also find sometimes employers are in the “Pool” because their broker doesn’t have access to standard markets for them, or didn’t move them out once they were no longer considered a new business.

We have GREAT work comp carriers who LOVE to insure high risk markets. Let us hand you a virtual towel and get you out of the “Pool”! Call ANI 907-562-3020.

Insurance Coverage For Dog Bites in Alaska

Many people are taking advantage of the longer summer days by spending time outdoors with their pets. If you are a dog owner, that may mean that your dog is out around more people. What happens if your dog bites someone? Do you know if you are covered?

Most homeowner insurance policies cover dog bites and other related incidents, but coverage could be dependent on the dog breed and whether you have notified your insurance carrier that you own a dog. Insurance companies often have a list of dogs that are not eligible for coverage. Your family pet may be gentle with no signs of aggression. However, if it is a breed on your insurer’s list, you may not be eligible for coverage. In these situations, a dog liability insurance policy may be an option.

As an independent agency, we represent many carriers but for one of our carriers, Safeco, here is their “Breeds of Concern” list:

– Akita

– Chow

– Doberman Pinscher

– Presa Canario

– Pit Bull

– Rottweiler

– Staffordshire Bull Terrier

– Wolf hybrid

– Any mixture of the above breed of dogs

The best advice is to check with us to ensure you are adequately protected for exposures related to your pets.

ANI – 907-562-3020