Zurich North America Commercial Offers Alternative to Texas Nonsubscribers

Property and casualty insurance Zurich announced its North America Commercial’s Accident & Health unit is now providing an alternative to Texas workers’ compensation coverage for employers who opt out of the system.

Texas is the only state in the country that does not require employers to participate in its workers’ compensation program. Employers who opt out of the system are classified as “nonsubscribers” or “NS.”

Zurich designed products that respond to the needs of today’s nonsubscribers, by developing an occupational accident policy called Texas Occupational Accident that provides:

• Temporary total disability benefits
• Medical expense benefits
• Accidental death and dismemberment benefits due to work-related accidents

A separate policy, Texas Employers Indemnity, provides:

• Temporary total disability benefits
• Medical expense benefits
• Accidental death and dismemberment benefits due to work-related accidents
• Liability coverage that protects the employer against injured worker lawsuits

Both policies offer generous limits of coverage of up to $5 million per person, $10 million per occurrence and a $25 million policy aggregate, the company’s announcement said.

Source: Zurich