Safety Group 580 for Nursing Homes and Assisted Living Facilities

If you have a prospect or current client that values employee safety, Group 580 may be the perfect fit.

The minimum requirements to participate in Safety Group 580 are:

1. The employer’s governing class code must be 8866 or 8829.
2. The employer’s 5-year cumulative incurred loss ratio cannot exceed 40%.
3. The annual premium is more than $30,000.

If your account meets the minimum requirements for Safety Group 580, we invite you to submit the following documents to receive a quote:

• ACORD forms
• 5 years of Loss Runs (must be currently dated)
• Current premium
• Most recent 3-5 years of Premium Audit Statements
• Experience Mod for the proposed effective date

Acceptance: If your client accepts our proposal, you will need to provide the following:

• NYSIF Application
• Membership Confirmation Form
• Service Fee Agreement
• Most recent Payroll Audit Bill
• 5 years of Loss Runs

Submit your request: Documents to request a quote can be submitted
by email to JMTaylor (at) HamiltonWharton.com, by fax to 212-344-0007,
or by postal service to 110 Wall Street, 11th Floor, New York NY 10005.

1. Having your own customized program will increase your client base and persistency.
2. Prospective employers will seek out your firm because you will have the ability to offer competitive pricing and services.
3. You can increase the amount of business you write by choosing to wholesale your program.
4. Your compensation will increase and your cost to service business will decrease, improving your profitability.

1. Participants in an individual dividend program can receive up front discounts of 20% and dividends up to 29% of the premium.
2. Each individual account is written on a guaranteed cost contract.
3. Dividend is protected. If incurred claims are increased after a dividend is declared the policyholder will not have to return any portion of the dividend.
4. Each policyholder can participate in loss control efforts that may help reduce claims and improve their loss ratios.