Grandbay Financial Services provides competitive Workers Compensation insurance products accompanied with above average compensation to retail insurance agents and brokers nationwide.
Workers’ Compensation is a front-and-center issue for employers, the insurance distribution system, Comp boards, and state legislatures. Over the years, skyrocketing medical costs, an increase in loss frequency, severity and fraudulent claims, and other factors have impacted the Workers’ Comp market, resulting in a high combined ratio and poor underwriting results. To reverse this trend, we’re now seeing rate firming, carrier contraction, and appetite restriction. This has left employers, especially those in tough classes, searching for a home for their Workers’ Compensation program. Even “main-street” businesses with one loss have had a hard time at renewal. Not to worry, even for the new ventures, businesses that are high risk, high MOD’s and hard to place, we have a market for.
Insurance agents and brokers with access to competitive markets will not only capitalize on the ability to secure coverage for their clients, but they can also now leverage an improving economy set to spur the Workers’ Comp industry with an increase in jobs and payroll exposure.
Grandbay Financial Services’s wholesale focus has been exclusively in Workers’ Compensation, providing insurance agents and brokers with access to markets and programs for their clients. We have built a reputation based on our expertise in the field, creativity and longevity in providing solutions in a fluctuating market, longstanding carrier relationships, responsive service, quick submission and quote turnaround. Find out more about how we can add to your agency growth and retention.