In this blog, we are going to learn more about their rates, coverage, and claims.
Lion Insurance Company Basic Information
The following table summarizes some basic information about Lion Insurance Company:
| Category | Information |
|---|---|
| Phone Number | (727) 682-0155 |
| Address | 2739 US Highway 19, Holiday, FL, 34691 |
| Customer Service Contact | customerservice@lioninsurancecompany.com |
| Policy Details | Workers’ compensation coverage for employees of SouthEast Personnel Leasing, Inc. clients |
| Email Address | info@lioninsurancecompany.com |
| Fax Number | (727) 682-0160 |
| Operating Hours | Monday-Friday, 9:00 AM – 5:00 PM |
Lion Insurance Company Services & Products
Lion Insurance Company offers workers’ compensation insurance to employees of businesses that partner with SouthEast Personnel Leasing, Inc. Workers’ compensation insurance provides benefits to workers . The workers may be injured or become ill as a result of their work-related activities. These benefits may include medical expenses, lost wages, disability payments, and death benefits.
Lion Company also offers some special packages and bundled services to its clients, such as:
- Safety Program: A comprehensive program that helps clients reduce workplace accidents and injuries through safety training, inspections, audits, and recommendations.
- Drug-Free Workplace Program: A program that helps clients maintain a drug-free work environment through drug testing, education, and assistance.
- Return-to-Work Program: A program that helps injured workers return to work as soon as possible through modified duties, transitional work, and vocational rehabilitation.
Lion Insurance Company does not offer international coverage or temporary or short-term policies. The company only covers employees who work in the states where it is licensed and authorized to operate.
Lion Insurance Company Finances
The premium costs for workers’ compensation insurance vary depending on several factors, such as the type of industry, the size of the payroll, the number of employees, the location of the business, and the claims history. Lion Insurance Company uses a rating system that assigns a classification code and a rate to each type of occupation. The rate reflects the risk level and the expected cost of claims for each occupation.
The Company offers flexible payment options to its clients. Clients can choose to pay their premiums monthly, quarterly, or annually. The company also accepts various payment methods, such as credit cards, debit cards, checks, money orders, and electronic funds transfer (EFT).
Lion Insurance Company also offers discounts and promotional offers to its clients from time to time. Some of these discounts and offers include:
- Experience Modification Factor Discount: A discount that rewards clients who have lower than average claims frequency and severity compared to their industry peers.
- Safety Credit Discount: A discount that rewards clients who implement effective safety programs and practices in their workplaces.
- Drug-Free Workplace Credit: A credit that reduces the premium for clients who participate in the Drug-Free Workplace Program.
Lion Company has a claim payout ratio of 85%, which means that it pays out 85 cents for every dollar it collects in premiums. This ratio indicates that the company is financially stable and able to meet its obligations to its policyholders.
Lion Insurance Company Coverages
The coverage details for workers’ compensation insurance depend on the state laws and regulations where the business operates. Each state has its own rules and requirements for workers’ compensation coverage, such as the minimum and maximum benefits, the eligibility criteria, the waiting period, the statute of limitations, and the dispute resolution process.
Lion Company follows the state laws and regulations for workers’ compensation coverage in Florida and Texas. Some of the policy exclusions for workers’ compensation insurance in these states are:
- Injuries or illnesses that are not caused by or related to work activities .
- Injuries or illnesses that are intentionally self-inflicted or caused by willful misconduct .
- Injuries or illnesses that are caused by intoxication or drug use .
- Injuries or illnesses that are caused by participation in recreational or social activities outside of work hours .
Some of the coverage limits for workers’ compensation insurance in these states are:
- The maximum weekly benefit for temporary total disability is $1,011 in Florida and $1,032 in Texas .
- The maximum weekly benefit for permanent total disability is $1,011 in Florida and $1,032 in Texas .
- The maximum weekly benefit for death benefits is $1,011 in Florida and $1,032 in Texas .
- The maximum duration of benefits for temporary total disability is 104 weeks in Florida and 156 weeks in Texas .
Lion Insurance Company Claims
The claim process for workers’ compensation insurance involves several steps, such as:
- Reporting the injury or illness to the employer and the insurance company as soon as possible .
- Seeking medical attention from an authorized provider and following the prescribed treatment plan .
- Filing a claim form with the insurance company and providing the necessary documents and information .
- Cooperating with the insurance company and the state agency during the investigation and evaluation of the claim .
- Receiving the benefits or appealing the decision if the claim is denied or disputed .
Some of the required documents for claims are:
- A copy of the medical report or certificate from the treating physician .
- A copy of the payroll records or wage statements from the employer .
- A copy of the accident report or incident report from the employer .
- A copy of any receipts or bills related to the medical expenses or other costs incurred due to the injury or illness .
The average claim approval time for workers’ compensation insurance varies depending on the complexity and severity of the case, the availability and accuracy of the documents and information, and the cooperation and communication between the parties involved. Lion Company strives to process and approve claims as quickly and efficiently as possible. The company aims to complete the initial review of a claim within 24 hours of receiving it and to issue a decision within 14 days of receiving all the required documents and information.
Lion Insurance Company Reviews
Lion Insurance Company has received mixed reviews and ratings from its customers. Some customers have praised the company for its prompt and professional service, its competitive rates, and its comprehensive coverage. Some customers have complained about the company’s slow and unresponsive service, its high deductibles, and its low payouts.
FAQs
Here are some frequently asked questions (FAQs) about Lion Insurance Company:
Q: How do I contact Lion Insurance Company?
A: You can contact Lion Insurance Company by phone at (727) 682-0155, by email at info@lioninsurancecompany.com, or by mail at 2739 US Highway 19, Holiday, FL, 34691. You can also visit their website at Lion Insurance Company.
Q: What are the benefits of partnering with SouthEast Personnel Leasing, Inc.?
A: Partnering with SouthEast Personnel Leasing, Inc. can help you save time and money on your workers’ compensation insurance and other human resources functions. By outsourcing your payroll, tax, benefits, and risk management to SouthEast Personnel Leasing, Inc., you can focus on your core business activities and reduce your administrative burden. You can also enjoy lower workers’ compensation rates, higher coverage limits, and better claims management through Lion Insurance Company.
Q: How do I cancel my policy with Lion Insurance Company?
A: To cancel your policy with Lion Insurance Company, you need to contact SouthEast Personnel Leasing, Inc. and inform them of your decision. You also need to provide a written notice of cancellation to Lion Insurance Company at least 30 days before the effective date of cancellation. One can mail, fax, or email the notice to the address, fax number, or email address provided by Lion Insurance Company. You may be subject to a cancellation fee or a penalty depending on the terms and conditions of your policy.
I’m Jose, a business enthusiast and an expert in the insurance field. As a graduate of Eastern University in Business Administration, I have gained significant knowledge insurance. Join me as we delve into everything you need to know about insurance.