Corporate Risk Services

Worker's Compensation Insurance for various industries.Corporate Risk Services, LLC, established in 2002, is known in the wholesale brokerage community as a reputable source for the placement of excess workers’ compensation insurance coverage.  Located in Rogers, Arkansas, the professionals of Corporate Risk Services rely on years of underwriting and marketing expertise to provide competitive self-insured worker’s compensation insurance programs for their clients in several states.

Commercial Insurance has drastically changed over the last 50 years. Traditional placement of insurance isn’t always a viable option in today’s world.  Unlike standard traditional insurance, alternative risk offers non-conventional avenues for placement of complex exposures.  Alternative risk programs address an organization’s individual exposure to loss and its own risk assumptions capability.  We assist clients in determining acceptable levels of assumption and how to fund above this level with the appropriate insurance and reinsurance.

Not only is Corporate Risk Services, LLC experienced in placement of worker’s compensation insurance coverages, and proud of our relationships with insurance carriers, we provide a host of additional services to meet the needs of our clients.

Our Worker’s Compensation Insurance products and services include, but are not limited to:  

  • Access to all excess markets for individual self-insurance programs or group self-insurance programs (A.M. Best A rated carriers)
  • Coverage available for a variety of exposures, including manufacturing, healthcare, schools, municipalities, retail and trucking for either individual self-insureds or homogeneous pools (public and private employers and for profit and non-profit organizations)
  • Placement of surety bonds where required by the state
  • Buy-down/Buffer insurance
  • Loss Portfolio Transfers
  • Large deductible, retro and loss sensitive funding programs

Product Descriptions:

Individual Self-Insured Program – Workers’ compensation insurance program where an employer is willing to take on risk in the form of a self-insured retention (SIR) of $300,000 or more.  Manual premium should generate a minimum of $300,000 in workers’ compensation premium.  Financials must be secure and pre-approval from the state department of insurance is required.  Claims are handled by a Third Party Administrator (TPA) and some states require security in the form of cash or a surety bond as collateral.

Group Self-Insured Program – Workers’ compensation insurance program where a homogeneous pool of like businesses and exposures form their own risk retention group.  Excess insurance is purchased on the same basis as an individual self-insured.  Financial and actuarial analysis is required, claims are handled by a TPA and collateral may be required.

Large Deductible – A pre-curser to individual self-insurance, this workers’ compensation product gives the employer the opportunity to take on risk in the form of a large deductible, usually $300,000 or more; however state approval is not necessary.  A claims payment fund must be established and maintained by the employer from which the TPA draws funds to pay claims.    Collateral is required in the event the insured cannot meet the claim payments.  This is often the first step taken by an employer in order to experience taking on risk prior to application to the state department of insurance.

Loss Portfolio Transfers – The insurance carrier assumes all total outstanding liabilities of a self-insured for a specific time frame.  This is a good tool for the insured to convert all liabilities into a fixed payment; potentially release of collateral with the state; and improve their balance sheet.

Surety Bonds — A means of providing collateral in the event the insured is financially unable to pay workers’ compensation claims.

Retro and Loss Sensitive Funding Programs – A workers’ compensation program where the initial premium is an estimate based on loss experience for a policy period.  The actual premium calculation is performed at the end of the policy period.  The result can be an additional premium due or a refund based on the insured’s loss experience compared to the initial estimate.

Questions or submissions may be directed to Pete Proffer at  or call (479) 271-7475


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