Amwins expands occupational accident program for independent contractors

Amwins Specialty Casualty Solutions is broadening its occupational accident program beyond transportation and adding tiered coverage options for independent contractors across more industry classes. The move aims to give retail partners a coordinated option that combines workers’ compensation, occupational accident and contingent liability coverage.

Why it matters: - Independent contractors make up more than 7% of the U.S. workforce and are concentrated in higher-injury-risk industries. - A coordinated program that combines workers' compensation, occupational accident and contingent liability can close coverage gaps and simplify claims handling. - The expansion gives retail partners more flexibility on coverage and pricing in a market where workforce models keep shifting.

What happened: - Amwins Specialty Casualty Solutions expanded its Occupational Accident insurance program to independent contractors across a broad range of industry classes. - The company also introduced a new tiered product structure with two coverage options. - The program builds on five years of profitable growth in transportation. - ASCS launched its transportation OccAcc program in late 2020 as a complement to its trucking workers' compensation program.

The details: - OccAcc Advantage offers broad coverage, flexible terms and higher limits. - OccAcc Advantage also includes ancillary options for occupational disease, occupational cumulative trauma, hernia and emergency evacuation protection. - OccAcc Essentials is a streamlined option aimed at owner-operators and budget-conscious clients. - OccAcc Essentials carries premiums up to 70% lower than workers’ compensation. - The program is written on A+ paper. - ASCS said the two-tier structure was developed in response to client demand for more flexible pricing. - Chris Gingue, executive vice president of Amwins Specialty Casualty Solutions, said few markets can offer workers' compensation, occupational accident and contingent liability under one coordinated program.

Between the lines: - The expansion suggests ASCS is trying to take its transportation underwriting experience into adjacent contractor segments. - The launch reflects demand for insurance products that can be matched more closely to contractor risk profiles and budget constraints. - The coordinated structure may appeal to businesses that hire contractors and want cleaner claims management and fewer coverage gaps.

What's next: - ASCS plans to use its transportation experience and underwriting discipline across more independent contractor classes. - The company expects demand for flexible, coordinated insurance solutions to grow as contractor-heavy workforce models continue to evolve. - Retail partners can seek more information about the program through the company's announcement.