[Omaha, NE, March 12, 2024] – Insurate, a leading Managing General Agent (MGA) specializing in workers' compensation insurance, is pleased to announce the expansion of its coverage to several new states including Montana, Nevada, and Wisconsin, marking another step toward its goal of offering complete coverage across the United States by 2025. This strategic growth is driven by a unique blend of traditional underwriting practices and advanced predictive data science, providing high-hazard businesses with cost-saving alternatives to traditional markets.
At the heart of Insurate’s success is its innovative approach to underwriting. By combining industry-standard practices with cutting-edge predictive data science, Insurate identifies high-hazard industrial businesses that deserve more competitive and tailored workers' compensation solutions. This approach not only enhances accuracy in risk assessment but also ensures that businesses with strong safety records and proactive risk management strategies are rewarded with better rates and coverage options.
The expansion into new states is a direct response to the increasing regional demand for competitive workers’ compensation products tailored for high-hazard industries. Businesses in sectors such as construction, logistics, and manufacturing, which often face significant challenges in securing affordable coverage, will now have access to Insurate’s innovative insurance solutions. Additional states including Oregon, Idaho, Minnesota, Michigan, North Carolina, Pennsylvania, Virgina and West Virginia are coming soon. This growth underscores Insurate’s commitment to supporting businesses that prioritize safety and operational excellence.
Insurate’s expansion is part of a deliberate and profitable growth strategy designed to ensure sustainable market presence and financial stability. By carefully selecting new markets and leveraging its expertise in predictive data science, Insurate is able to offer more businesses the benefits of its advanced risk assessment and underwriting capabilities. This strategic approach not only drives profitability but also reinforces the company’s mission to provide accessible and fair workers' compensation coverage across the nation.
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About Insurate:
Insurate is a pioneering force in the high hazard workers’ compensation insurance industry, leveraging AI and data-driven insight to reward best-in-class companies with lower work comp premiums and exceptional support.
For more information, visit www.insurate.com