Advance Partners Announces New Workers’ Compensation Offering
Advance Partners is proud to announce a new workers’ compensation solution offered through a partnership with PMC Insurance Group and their StaffPRO3 division. This alliance will complement the Advance Partners suite of unlimited working capital and back office support. It is available at the release of this announcement.
StaffPRO3 specializes in delivering workers’ compensation programs specifically for the staffing industry. StaffPRO3 coverage solutions include a guaranteed cost, loss sensitive and captive programs offered nationally through A.M. A- or better rated carriers and provides “Best in Class” risk management consulting services. StaffPRO3 partners with staffing firms and their insurance agents to increase their profits by providing insurance and risk management solutions that reduce losses and insurance costs.
“Within our client base of over 500 staffing firms, it became very obvious through many conversations that workers’ compensation and the complexity associated with getting coverage was a very large pain point,” said Adam Stern, Senior Director and General Manager of Advance Partners. “Through our partnership with PMC, we hope to bring an offering to the industry that finally is accessible for most, and combines our joint expertise in the staffing industry. Even if a staffing firm is happy with their current program, it’s worth exploring our new offering. Owners may be able to save money with our solution plus gain valuable risk management support.”
“We know staffing is one of the most challenging classes of business in the insurance industry. Carriers have come and gone in underwriting this space, attracted by the high premiums and the ebb and flow of the economy and rates. However, we’ve seen a lack of knowledge on how to underwrite the staffing industry profitably. We believe this is due to poor understanding of the required underwriting process from risk selection to auditing, inadequate industry experience and substandard risk and claims management,” stated Bill Nagel, Vice President-Director of Staffing Programs, PMC Insurance Group. “We are different because we have an exclusive underwriting strategy, combined with dedicated industry experts that have years of
experience in the staffing industry. With our strong underwriting knowledge and our carrier partners that are committed to this space, we can deliver a comprehensive workers’ compensation product to our clients. Combining our solution with Advance Partners allows us to present an even stronger offering to the staffing industry and one that gives owners the chance to combine more services in one bucket- payroll funding and workers’ compensation insurance.”
About Advance Partners
Advance Partners is the #1 provider of financial, operational and strategic support to independent staffing firms in the country. Advance Partners serves as a business partner with a simple mission: To help staffing firms grow. Advance’s customizable solutions include payroll funding, back office support and a variety of strategic services to help staffing firms from entrepreneur to enterprise.
About StaffPRO3, a Division of PMC Insurance Group
PMC, a national wholesale brokerage firms’ Division StaffPRO3specializes developing and the placement of workers’ compensation staffing programs and risk management services to the staffing industry. The program provides answers to the most common difficulties associated with placing workers’ compensation insurance products.. By working closely with A.M. “Best A-“ or better rated insurance carriers, industry specialists, the American Staffing Association (ASA) and using industry proven and specific risk management/loss control to provide you with innovative solutions, StaffPRO3 provides innovative solutions to clients throughout the nation.