Massachusetts & Connecticut Workers’ Compensation Overview for Agents
All Massachusetts and Connecticut policies are bound with the Argo Group, our longtime partner who has earned the A- Excellent rating with AM Best.
Quoting
Beacon Mutual works with agents to coordinate a seamless underwriting and quoting experience with increased appetite and pricing flexibility. Agents work directly with Beacon underwriters to quote, issue, and bind your Massachusetts, Connecticut, and Rhode Island policies.
Billing
When policies are issued together, the Rhode Island, Massachusetts, and Connecticut policies will be billed on the same Beacon Mutual invoice.
Premium Audit
Beacon’s knowledgeable auditors manage the premium audit experience for all policies regardless of location. State-specific policies will be handled separately by the experienced premium audit team, providing each policy with the accuracy and attention it deserves.
Claims Management & Services
Beacon Mutual & Argo Group partner their team of claim representatives, nurses, and case managers to work closely with business owners and our agent partners to minimize the impact of an injury on an organization. Our suite of claims services and managed care offerings support a speedy recovery and safe return-to-work. Beacon’s safety experts service all Beacon & Argo Group customers based on each industry’s unique risk exposures.
Mutual Policyholder Dividend
Massachusetts, Connecticut, and Rhode Island policyholders are dividend eligible – 96% of all policyholders have earned a 5%-10% dividend over the last 6 years, totaling $35.1 Million.
Beacon Mutual’s Financial Strength
Beacon Mutual offers dependable coverage and unwavering financial stability. We are proud to have earned a Financial Stability Rating® (FSR) of A’ (A Prime), Unsurpassed from Demotech, Inc., the highest rating awarded. This distinction reflects our strong financial position, ability to respond to meritorious claims, and capacity to maintain surplus at an acceptable level, even during economic downturns or market fluctuations.
