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Jim Walter Homes’ Workers Comp Coverage Plan

Workers comp coverage for a home builder that covers all employees including subcontractors can be an expensive option.   One of the best workers comp policies adjusted by me was the workers comp coverage by Jim Walter Homes.

Jim Walter Homes ruled the market for all-in-one home construction including financing.  The company ceased operations in 2009.    They built their first home in 1946.

The homebuilding company eliminated all concerns over:

  • Multiple layers of subcontractors
  • Proper certificates of insurance
  • Expensive individual contractor policies
  • Claims control including choice of  medical providers
Picture of workers comp coverage construction
Wikimedia Commons – Lance Cpl. Cory D. Polom

Jim Walter Homes had a multistate high retention large deductible policy.   Every contract with the various subcontractors included a percentage of contract fee for Workers Comp coverage.    (I will not disclose the percentage even though they no longer build homes.)

The main contractors and subcontractors concerned themselves with building homes.  The contractors knew coverage was being provided by the subcontract itself.

The plan was genius.  The master policy operated like a PEO (Professional Employment Organization) of sorts.   All workers relied on one master policy.   One carrier handled all the claims.   Medical and overall claims cost control increased as the subcontractors became familiar with  First Reports and initial medical treatment.

All states accepted the coverage structure.  Having multijurisdictional claims generated no problems.    Jim Walter Homes lost no money on the arrangement.   A win-win-win situation was created for all the contractors and the company.

The timespan when I adjusted many of their claims spanned the early 1990’s.  I am not sure if they kept the same type large deductible policy for all the contractors and subcontractors after that time.

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James J Moore - Workers Comp Expert

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Management Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications


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