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Workers Comp
LRA truly does care and spend every effort to ensure that you have full coverage for what ever may come your way. With over forty trucks on the road every day you don’t get a second chance with insurance coverage so you better get it right the first time.
- Ted Baker, Baker Commercial Landscaping
Workers Comp Coverage from LRA Insurance

Workers' Comp from LRA Insurance
State law requires that every employer provide workers compensation insurance for their employees. This insurance provides coverage for accidents or disease arising from employment as prescribed by these state laws. Benefits can include lost wages, medical expenses, and permanent disfigurement/disability payments. Various additional endorsements can also be added to ensure that adequate protection is being provided for your particular situation.

Dividend
Annual insurance costs may be reduced for certain qualified coverage lines by a "dividend". The amount of such a return will be based on the earned premium and incurred losses you experience during the policy year. Your insurance company is offering this potential premium reduction to you in recognition of your excellent record of loss control. Please note, dividends are not guaranteed and are payable out of surplus at the discretion of the insurance company.

Workers Comp Coverage from LRA Insurance

Retrospective Rating Plan
This rating plan allows for your final yearly premium to be based on the loss experience you develop during the policy year. It is an excellent way to help control insurance costs for companies such as yours who maintain superior risk management practices and a good loss history.

Self-Insured Retention
This value represents the amount of damages and/or legal costs that you must assume (retain) before your insurance protection becomes payable.

Statutory Workers' Compensation
This coverage is used to comply with the Workers' Compensation Coverage required by your state law. Under this requirement, an employee can be compensated if they are injured while working for you, regardless of your negligence as an employer.

Workers Comp Coverage from LRA Insurance

Sliding Scale Dividend Plan
This plan pays a dividend to you on a loss sensitive basis. With it, the size of your estimated premium and loss experience determine the percentage of dividend you may receive. The lower your losses, the higher the dividend paid based on your premium size. Please note that payment of dividends can not legally be guaranteed

Audit Premium
The proposed premium is based on the following estimates of annual exposures. They are subject to audit after expiration of the policy.