Group Occupational Accident Plans
Attached below is information about our Towing & Storage Association Occupational Accident Coverage with Employer Indemnity Coverage which is designed to protect your company from employee lawsuits resulting from on the job accidents. We also have a simplified Association Occupational Accident Plan which does not include Employer Indemnity Coverage with lower premiums. For more information, please call or e-mail us at shortino@verizon.net.
Towing & Storage Association Plans
Joe Shortino & Associates
GROUP MEDICAL AND ACCIDENTAL PLAN
P.O. Box 451238
Garland, Texas 75045-1238
(972) 414-7168 Fax (972) 414-7065
(866) 994-9091 Toll Free
PROTECT YOUR COMPANY AND ASSESTS
FROM EMPLOYEE LAWSUITS RELATING TO
ACCIDENTS ON THE JOB
Dear Towing Operator:
We are again extremely excited to offer you our NEW OCCUPATIONAL ACCIDENT PLAN with EMPLOYER INDEMNITY COVERAGE. This is an Association Plan for Towing Operators with
2 to 50 employees. We now have lower premiums and improved benefits.
Highlights of our Plan:
(1) $1,000,000 Combined Single Limit per person per occurrence
(2) Choice of $1000, $2500 or $5000 Deductible with Benefit Periods of 117 or 156 Weeks
(3) Occupational Accident Benefits that cover employees hurt on the job (Accident Medical Benefits, Weekly Disability Benefits, and Accidental Death & Dismemberment Benefits)
(4) Occupational Disease/Cumulative Trauma Coverage and Waiver of Subrogation included
(5) Employer Indemnity Coverage that Covers:
a. Amounts Paid to settle a claim for workplace negligence brought by a covered employee as a result of a covered injury.
b. Amounts Paid to satisfy a judgment for an employer indemnity claim.
c. Legal Defense Costs and Expenses related to an employer indemnity claim.
d. All Legal Defense Costs are paid outside the $1,000,000 CSL Maximum Coverage.
(6) ERISA Document included with Policy
(7) Mandatory Arbitration Plan included with Policy
Our Association Plan is underwritten by an A+ rated insurance company and administered by Special Insurance Services, Inc. This Program is marketed exclusively by Joe Shortino, Shortino & Associates for the Towing & Storage Associations.
Attached is an outline of benefits for our plans.
Special Requirements:
- The PEI plan has certain underwriting guidelines pertaining to claims loss ratios for the past 3 years. Not all towing companies may qualify for this plan.
- We can write towing companies with more than 50 employees, but will require additional information from the towing company.
For more details about our fantastic program, please call us a (972) 414-7168 or 1-(866) 994-9091 toll free. Our fax number is (972) 414-7065. Our e-mail is shortino@verizon.net.
Thank you,
Joe
Joe Shortino
Towing & Storage Associations
Occupational Accident & Employer Indemnity Coverage (PEI)
NEW & IMPROVED COVERAGE AND LOWER RATES!
Highlights of our Group Accident Plan:
Our plan offers a $1,000,000 Combined Single Limit Benefit. AD&D is limited to the lesser of 10 times salary up to a maximum of $500,000. Disability is 75% of salary to a maximum of $600 per week after a 7 day elimination period. The deductible applies to both disability and medical benefits. Losses due to occupational disease or cumulative trauma are covered and the policy contains a waiver of subrogation provision.
It is important to note, that on PEI products, an ERISA plan is required and the benefits stated in the ERISA plan are generally less than those shown in the PEI policy. On a $1,000,000 CSL PEI policy, our standard ERISA plan limits the AD&D benefit to 10 times salary up to a maximum of $200,000; and all other benefits are capped at a $250,000 CSL maximum. The ERISA plan is the document that the employees look to for their benefits. Having the lower maximums in the ERISA plan guarantee there will be amounts left on the PEI policy for legal indemnity benefits if needed. All Legal Defense costs are paid outside the $1,000,000 CSL maximum.
Groups of 2 to 50 lives that generate less than 25% of their revenue from repossession operations:
|
Benefit Period/Deductible and Monthly Rates |
117 weeks/
$1,000 |
117 weeks/
$2,500 |
117 weeks/
$5,000 |
156 weeks/
$1,000 |
156 weeks/
$2,500 |
156 weeks/
$5,000
|
|
Clerical/Dispatch
|
$18.00 |
$16.00 |
$15.00 |
$20.00 |
$19.00 |
$17.00 |
|
Mechanic |
$41.00 |
$37.00 |
$34.00 |
$45.00 |
$42.00 |
$38.00 |
|
Driver |
$100.00 |
$91.00 |
$85.00 |
$110.00 |
$102.00 |
$94.00 |
Groups of 2 to 50 lives that generate 25% or more of their revenue from repossession operations:
|
BenefitPeriod/Deductible and Monthly Rates |
117 weeks/
$1,000 |
117 weeks/
$2,500 |
117 weeks/
$5,000 |
156 weeks/
$1,000 |
156 weeks/
$2,500 |
156 weeks/
$5,000
|
|
Clerical/Dispatch |
$18.00 |
$16.00 |
$15.00 |
$20.00 |
$19.00 |
$17.00 |
|
Mechanic |
$41.00 |
$37.00 |
$34.00 |
$45.00 |
$42.00 |
$38.00 |
|
Driver |
$125.00 |
$114.00 |
$106.00 |
$138.00 |
$128.00 |
$118.00 |
- There is a 2 life minimum; one life groups are not eligible. Minimum monthly premium of $250.00.
- Contract laborers (1099) are not eligible for coverage.
- Groups must have a three-year loss ratio caveat of 50% or less to be eligible for the rates outlined above. For a firm quotation, please provide us with documented loss data for the last three years, along with the following information:
a. Your company names as it appears on your federal tax filings;
b. Your federal tax identification number;
c. The percentage of revenues generated from repossession operations; and
d. The number of W-2 employees in each rating category listed above.
- Any group that exceeds 50 employees must be referred to the administrator prior to receiving approval to use the program rates.
Marketed Exclusively By:
Joseph C. Shortino
Phone (972) 414-7168
Toll Free 1- (866) 994 9091
Fax (972) 414-7065
shortino@verizon.net
Shortino & Associates
Joe & Pam Shortino
P.O. Box 451238, Garland, TX
(972) 414-7168 Phone 1-(866) 994-9091
(972) 414-7065 Fax Toll Free
shortino@verizon.net
Towing & Storage Associations
Joe Shortino & Associates
GROUP MEDICAL AND ACCIDENTAL PLAN
P.O. Box 451238
Garland, Texas 75045-1238
(972) 414-7168 Fax (972) 414-7065
(866) 994-9091 Toll Free
Dear Towing Operator:
We are pleased to announce that we have an ASSOCIATION GROUP OCCUPATIONAL ACCIDENT PLAN for Towing & Storage Association Operators Underwritten by A Rated Fidelity Security Life & Administrated by Special Insurance Service. This Plan is designed to provide coverage for your employees if they are hurt on the job.
The Highlights of this Plan are:
A. $500,000 combined Single Limit Benefit Per Employee Per Accident
B. Minimum $100,000 Accidental Death & Dismemberment benefits
C. Weekly Income paid at 75% Gross Monthly Income with a maximum benefit of $500 per week (7 day elimination period)
D. After Deductible, Plan pays 100% of Covered Medical Expenses (Hospital, Physician Charges, etc.), and you have your choice of Provider.
E. 2 Year Benefit Period
F. Monthly Rates for Drivers as low as $63.00 Per Month Per Employee, Mechanics $47.00 Per Month Per Employee, and Office Personnel $33.00 Per month Per Employee.
For more information about this plan, call or write us today.
Sincerely,
Joe & Pam
Joe or Pam Shortino
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