Eastern Advantage Assurance Company (Pennsylvania) provides various workers’ compensation insurance products and services.
It holds a strong financial rating and is known for handling claims well.
Eastern Advantage also gives its policyholders benefits like competitive rates, top-notch customer service, and speedy claims handling.
Overview of Eastern Advantage Assurance Company (Pennsylvania)
Eastern Advantage Assurance Company, based in Pennsylvania, is a subsidiary of ProAssurance Corporation, a publicly traded insurance holding company.
It focuses on workers’ compensation insurance in Pennsylvania and select states.
Contact Information
| Company Name | Eastern Advantage Assurance Company |
|---|---|
| Address | 25 Race Avenue |
| Lancaster, PA 17603 | |
| Phone | (717) 291-3434 |
| Fax | (717) 291-3435 |
| Website | Eastern Alliance Website |
Services and Products
Eastern Alliance provides a range of workers’ compensation insurance products and services:
- Traditional Workers’ Compensation Insurance: This insurance covers employees injured or falling ill on the job.
- Loss Sensitive Workers’ Compensation Insurance: This insurance helps businesses lower workers’ compensation costs.
- Specialty Risk Workers’ Compensation Insurance: This insurance caters to businesses with unique or high-risk workers’ compensation exposures.
Eastern Alliance also offers resources to assist businesses in understanding workers’ compensation insurance and preventing fraud. These resources comprise:
- A website with articles, videos, and FAQs on workers’ compensation insurance.
- A blog featuring articles about workers’ compensation insurance and risk management.
- A webinar series discussing various workers’ compensation insurance topics.
- A fraud prevention program aiding businesses in detecting and preventing workers’ compensation fraud.
Financial Ratings
A.M. Best, a leading insurance rating agency, rates Eastern Advantage as A- (Excellent) for its financial strength and ability to meet policyholder obligations.
Claims Handling, Cancellations and Renewals
Eastern Advantage Assurance Company (Pennsylvania) prioritizes providing top-notch claims handling services for its policyholders.
A dedicated team of experienced claims adjusters is committed to swiftly and efficiently resolving policyholders’ claims.
To report a claim, policyholders can call Eastern Advantage Assurance Company at (717) 291-3434.
Once notified, the company assigns a claims adjuster to the case, who then investigates the claim and collaborates with the policyholder to find a resolution.
Eastern Advantage Assurance Company offers a range of claims handling services, such as:
- Reviewing and paying medical bills.
- Reimbursing lost wages.
- Assisting with vocational rehabilitation.
- Providing permanent partial disability benefits.
- Offering death benefits.
Cancellations and Renewals at Eastern Advantage Assurance Company (Pennsylvania)
Policies with Eastern Advantage are typically canceled due to non-payment of premiums or material misrepresentation on the insurance application.
Additionally, fraudulent activities can also lead to policy cancellation.
Policy renewals are automatic, unless the policyholder requests cancellation. Policyholders have the flexibility to request cancellation at any time by contacting the company.
If a policy is canceled, the policyholder may be eligible for a refund of unused premium, which depends on the policy terms and the cancellation date.
Feedback and Reviews
Policyholders rate Eastern Advantage positively, with 4.1 stars on Yelp and 4.3 stars on Google.
They appreciate competitive rates, excellent customer service, and quick claims processing.
Legal Compliance
Eastern Advantage is a licensed and regulated insurance company, adhering to Pennsylvania Insurance Department laws and regulations.
It’s also a member of the National Association of Insurance Commissioners (NAIC).
Advantages of Eastern Advantage Assurance Company (Pennsylvania)
- Competitive Rates: The company provides competitive rates for workers’ compensation insurance, potentially helping businesses save on insurance costs.
- Financial Stability: Eastern Advantage Assurance Company is financially robust and holds a good reputation in the insurance industry, assuring policyholders of its stability.
- Wide Range of Products and Services: Eastern Alliance offers a comprehensive selection of workers’ compensation insurance products and services, catering to businesses of all sizes and diverse needs.
- Risk Management Services: The company offers a variety of risk management services aimed at helping businesses reduce their workers’ compensation expenses and prevent workplace accidents.
- Safety Training Programs: Eastern Advantage Assurance Company provides safety training programs to educate employees on workplace safety, promoting a safer work environment.
- Claims Management Services: With a dedicated team of experienced claims adjusters, the company ensures efficient and effective resolution of policyholders’ claims.
- Return-to-Work Programs: Eastern Advantage Assurance Company offers return-to-work programs designed to assist injured workers in returning to the workforce as soon as possible, benefiting both employees and employers.
Frequently Asked Questions (FAQs)
Q: In which states does Eastern Advantage Assurance Company operate?
A: Eastern Advantage operates in Pennsylvania and select other states.
Q: What types of businesses does Eastern Advantage Assurance Company insure?
A: Various businesses, including construction, manufacturing, and retail, are covered.
Q: How much does workers’ compensation insurance cost?
A: Costs vary based on business size, industry, and payroll. Eastern Advantage offers competitive rates.
Q: How do I file a claim with Eastern Advantage Assurance Company?
A: To file a claim, contact the claims department at 1-800-336-3658, and their agents will guide you through the process.
Nick Greenlight is an experienced individual in the financial sector, with knowledge spanning from investment management to income tax preparation.
He has been writing informative essays on personal finance for over a decade and holds several credentials.