Insurate is a leading insurance technology provider that leverages data science and analytics to identify businesses that are significantly safer than the industry average. And since safe businesses with fewer potential claims are less expensive to insure, we match these Safe-Tier™ businesses with deeply discounted rates from Liberty Mutual, Markel and other leading work comp underwriters. The result is a win-win where Insurate Safe-Tier™ companies save up to 50% off work comp, and Insurate underwriter partners insure businesses that make safety a priority.
We Make Work Comp Competitive
Workers’ Compensation insurance has remained almost unchanged for over 90 years with pricing established by job code and historical averages versus actual day-to-day operations. We formed Insurate to reward industrial companies with better-than-average safety practices with exclusive rates that we call Safe-Tier™ which average 30%-50% below the old industry standard.
It’s a universal truth. It’s also the motivation behind Insurate and our machine learning platform that matches safety-focused businesses with preferred work comp pricing from major underwriters. And instead of the typical “set and forget” approach to your policy, the Insurate platform’s monitoring engine tracks the market and guides you to your optimal rate – both now and in the future.
We work with the industry’s major work comp underwriters to understand their dynamic appetite for your specific industry, geography and risk profile. They reward us with exclusive Insurate Safe-Tier™ pricing, and we reward them with businesses that are serious about employee safety and controlling risk.
Work Comp is Work Comp is Work Comp
Did you know the US government dictates that all work comp policies are identical to ensure consistent employee protection across the country? It’s a fact. Workers’ compensation is the only business insurance that is the exact same regardless of who provides your policy. We build on that foundation with programs that honor your commitment to employees and compliance.