A Midwest Employers Health Insurance Company review leads to Midwest Employers Casualty Company or MECC. MECC has been in existence since 1986. They offer workers compensation insurance exclusively. They focus on businesses or other groups, such as non-profits, that need workers compensation benefits. They do not sell health insurance benefits.
MECC has consistently received an A+ rating from A.M. Best independent rating company. Independent rating companies such as A.M. Best, rate insurance companies on their overall financial stability. An A+ rating means that a company is able to meet all the financial obligations and still have assets remaining. It is considered an excellent rating.
Midwest Employers Casualty Insurance Company Products
Although MECC focuses only on workers compensation benefits, they have three areas within this category that can be applied to companies based on their needs. These three areas are self-insured excess, reinsurance, and large deductible coverage. Agents at MECC analyze the needs of a company before recommending which area of coverage is right for those specific needs.
Self-insured excess is when a company sets aside a large amount of money to cover the potential hazards and expenses of workers compensation that may happen in the future. Self-insurance has both benefits and drawbacks. The main benefit of using self-insurance is that if you have no claims or small claims, you have saved money. The main drawback is if many claims or a very expense claim is filed, the company can lose money.
Large deductible workers compensation coverage is a full insurance program but comes with a large deductible for the company to pay. The company must pay this deductible before the insurance company will pay the claim. This is ideal for companies who have the capital available to set aside a large deductible to be paid as needed.
Reinsurance is another program offered by MECC. This is an excess of loss reinsurance in workers compensation and employers liability coverage. It designates a specific amount up to $10 million and an aggregate limit of $5 million. Part of this program includes a loss control representative to analyze the safety and prevention measures of the insured company.
Midwest Employers Casualty Insurance Company Careers
MECC is always looking for employees with innovative ideas in insurance, especially workers compensation. They hire both experienced agents and agents who need training. The company has been built on certain principles that have not changed since its founding and those principles have been adhered to ever since.
Anyone seeking a career with MECC needs to understand the principles of the company. Their most important principle is customer focus. They are committed to focusing on the needs of the clients first. Other principles necessary to work for MECC include:
- Community impact
Those interested in working for MECC can apply online or in a local office. MECC offers a wide variety of benefits including:
- Health insurance
- Life insurance
- Paid vacation
- Paid holidays
- Sick leave
- Commission based rewards
- Incentives to attend training
- Other career growth opportunities
Midwest Employers Casualty Insurance Company Claims
When it comes to filing a workers ‘ compensation claim, two things become very important. They are time and state laws. There are legal time limits for filing and receiving a workers’ compensation claim that must be adhered to. There are also time limits for seeing a physicians and receiving treatment for injuries that are covered under workers compensation.
Because of this, MECC is very quick to process claims and to contact the employer with any questions or clarifications so the injured party can receive the appropriate treatment as soon as possible and get back on the job. MECC agents are also very familiar with state laws regarding workers compensation benefits and how they should be received. They do their best to work within these guidelines.
MECC also has a specialized claims department to manage catastrophic injury claims. This could be a catastrophic injury including one individual or several claims that are filed due to an onsite accident or other multi-person injury. Catastrophic injuries often require working with medical facilities, surgical centers, and rehabilitation centers. All of these areas are handled within this special claims department.