We, at Unistar Special Risks Inc., are proud to offer you a product line that you will not find anywhere else. As a wholesaler, we can work with our Insurers and Reinsurers to offer you, a wide variety of group products and features. Most of our products offered can be written on a stand-alone basis versus the normal underwriting rules used by traditional Insurers.
Diverse Features & Values
- Quote stand-alone pooled benefits (Life, WI, LTD, and CI)
- Quote stand-alone insured EHC and Dental with very competitive TLR and no IBNR’s
- Expanded list of eligible groups as compared to Traditional Insurers
- Creation of blocks of business for your clients with a common renewal date
- Seasonal and Contractor coverages available for a minimum work term of six continuous months
- We write Associations Plans and Multi-Employer Groups including start-ups
- Option of LTD to age 70
- No family content rules
- Ability to create your own commission scale within each benefit up to a maximum of 20%
- White label offerings
Block of Business
- The intent is to create a block of business for Brokers, TPA’s and MGA’s in order to take advantage of a single renewal date, blended block rates and lowered plan expenses.
- Much lower admin and claim charges to smaller clients due to combining risks and no IBNR’s Reserve Account.
- A competitive Target loss ratio (TLR) which includes claims, admin fees, taxes and broker commission.
- As a TPA is required, we have a set per employee cost that is maintained outside of the plan expenses and therefore has no affect on the TLR.
Some of our current products have been developed for:
- Heavy Construction
- Small Business
- Captive Insurance
- Claims Management