The Problem with JUA
The JUA, or Joint Underwriting Association, is the option of last resort. Not only for clients requiring workers' comp that they can't secure in the standard market, but for agents as well. The JUA is NOT a good fit for most clients and is definitely not a good fit for most agents.
The clients get terrible rates with service that is not much better and the agents get a lot of work and headache for very low commissions. This is a recipe for disaster for both parties.
It is simply human nature that agents would not work hard when the work is difficult and they are not well compensated for their efforts. And the clients will not be happy that they do not have a simple, low cost option for providing them coverage quickly.
Working with a PEO broker will make life easier for the agent and less stressful and expensive for the client.
Because the JUA is a state option of last resort, the JUA does not want to provide coverage to Florida companies in need of workers' comp. Their desire is to see companies get coverage in the standard market or through the use of a PEO. Each company that is forced to secure coverage through the JUA is viewed as a loss in their eyes. They want to see the free market work.
And we can help you with that. It doesn't matter if you are an agent or a client. Call us and see how much money and time we can save you over the JUA!
The best way to determine if you are getting the best possible value is to call us!
Call today for a free quote or evaluation of your current plan
Joint Underwriting Association - Not a Good Fit!