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I will be blogging a series of posts that explain different aspects of occupational Accident insurance and the benefits and advantages of non-subscriptionToday, we begin a six-part series on “The Basic Differences Between Texas Nonsubscription and Workers’ Compensation”.

There are approximately 124,000 Non-subscribing employers in the State of Texas, some well known employers who non-subscribe are Walmart, McDonald’s and Neiman Marcus as well as your local grocery store and auto repair shop. And yet, many are unaware of this 100+ year option available to Texas Employers.
1.       How does the price compare between Non-subscription policies and workers’ compensation?

In general, Non-subscription is 25-60% less than workers’ compensation. Size, risk factors and loss experience determine the extent of savings. Experience mods do not apply to Non-subscribers. The primary cost savings, however, is provided by the virtual elimination of fraud for Nonsubscribers. Detail on how this is accomplished will be provided in a future post.
2.       Are benefits the same between Texas Nonsubscription and workers’ compensation?

Workers compensation benefits are determined in Austin. For Non-subscribing employers, the employer determines what benefits are best for its employees.
In general, although not all-inclusive, benefits can be broken into two main categories: size and duration. For instance, workers’ compensation pays up to 70% of the weekly wage (75% for lower wage employees) for up to 401 weeks. Non-subscribing employers can choose to pay up to 100% of weekly wages for up to 260 weeks (note this option is only available with our “CPro Texas Option”. All others either have a lower percentage or shorter benefit period).
On the other hand, workers’ compensation provides no dollar limit lifetime medical. Non-subscribing employers can provide no dollar limit medical for up to 5 years (note again: the “No Dollar Limit” medical is only available with our “CPro Texas Option”. No other carrier provides this benefit).

I'll present more information in my next post.
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