Term Of The Day – Aggregate Excess Insurance
This type of insurance is critical for Workers Comp self insureds. Even if a self insured has no large claims, a substantial number of claims can be devastating to their insurance budget.
Aggregate Excess Insurance places a limit on the amount an employer pays for all claims incurred during a given time period. If a company has a year in which it experiences more than the anticipated level of claims activity, it is protected.
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