What Old Glory Insurance Offers for Workers' Compensation
Old Glory Insurance provides workers' compensation policies that meet state-mandated requirements while offering tailored options for small and midsize businesses. Coverage includes medical expenses, wage replacement, disability benefits, and employer liability protection, all managed through a dedicated claims team.
- What Old Glory Insurance Offers for Workers' Compensation
- Eligibility and Policy Requirements
- How Claims Are Processed
- Benefits Paid to Injured Workers
- Cost Factors and Premium Calculation
- Comparative Overview of Key Policy Features
- Steps for Employers to Maintain Compliance
- When to Consider Switching Providers
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Eligibility and Policy Requirements
Eligibility hinges on the employer's industry classification, payroll size, and state jurisdiction. Companies must submit accurate payroll data and job codes (NAICS or OSHA) to receive a quote. Policies can be customized with higher limits, supplemental coverage for high‑risk roles, and optional safety‑program discounts.
How Claims Are Processed
When an injury occurs, the employer files an initial report through Old Glory's online portal within the state‑prescribed timeframe. The claims specialist assigns a case manager who coordinates medical providers, reviews the injury's work‑relatedness, and calculates wage‑replacement benefits based on the employee's average weekly wage. Decisions are communicated within 10‑15 business days, and any disputes are handled through a formal appeals process.
Benefits Paid to Injured Workers
Benefits fall into three main categories:
- Medical Treatment: All medically necessary services, surgeries, prescriptions, and rehabilitation are covered up to policy limits.
- Temporary Total Disability (TTD): Employees receive a percentage of their average weekly wage (usually 66.7%) until they can return to work.
- Permanent Disability: If an injury results in lasting impairment, a lump‑sum or scheduled payment is made according to state disability schedules.
Cost Factors and Premium Calculation
Premiums are calculated using a formula that weighs payroll, claim history, and industry risk. A lower claim frequency can earn a discount, while high‑severity claims raise rates. Old Glory also offers a safety‑incentive program that reduces premiums for businesses that implement verified injury‑prevention training.
Comparative Overview of Key Policy Features
| Feature | Standard Offering | Optional Add‑On |
|---|---|---|
| Medical Coverage | Unlimited up to state caps | Extended rehab services |
| Wage Replacement | 66.7% of average weekly wage | Higher percentage up to 80% |
| Employer Liability | Included | Excess liability umbrella |
| Safety Discounts | Basic compliance | Advanced safety‑program credits |
Steps for Employers to Maintain Compliance
1. Register with the state workers' compensation board and obtain the correct classification codes.2. Report payroll accurately each quarter.3. Promptly file injury reports through Old Glory's portal.4. Keep records of medical documentation and return‑to‑work plans.5. Review policy statements annually to adjust limits or add safety incentives.
When to Consider Switching Providers
Businesses may evaluate a change if premiums rise sharply without a corresponding increase in claim frequency, if service response times lag, or if the insurer does not support industry‑specific risk management tools. Comparing coverage limits, claim handling metrics, and the availability of digital reporting can guide the decision.