Previsor Insurance Company, Colorado: Overview, Contacts, Phone Number, Email Address, Services, Coverage, Claims & Reviews

Securing Your Future: Previsor Insurance Company – Your Trusted Partner in Protection.

An image illustration of Previsor Insurance Company"
Your Shield of Protection: Previsor Insurance Company

Considering a Reliable and Affordable Insurance Provider in Colorado?

If you’re in search of a trustworthy and budget-friendly insurance provider in Colorado, take a closer look at Previsor Insurance Company.

They’re a leading specialist in workers’ compensation insurance in the area.

In this blog post, we’re going to assess Previsor Insurance Company Colorado, covering its:

History, services, products, financials, coverage, claims process, legal adherence, renewals and cancellations, company culture, and customer feedback.

By the end of this post, you’ll have a better grasp of whether Previsor Insurance Company Colorado suits your insurance requirements.

Company Overview

History and Founding Year:</strong>

Previsor Insurance Company is a multi-state insurer that offers workers’ compensation coverage in Arkansas, Illinois, Iowa, Nebraska, Tennessee, and Colorado.

It was established in 2015 as a subsidiary of Missouri Employers Mutual (MEM), the largest work comp insurance provider in Missouri.

Although it operates independently, it shares resources, expertise, and a common vision with MEM.

CEO and Leadership Team:

Leading the helm at Previsor Insurance Company is Tim Jackman, a seasoned veteran with over 30 years of experience in the insurance sector.

He heads a team of dedicated professionals who are committed to delivering top-notch service and value.

Market Share and Company Size:

The company holds a 0.1% market share in Colorado, ranking as the 86th largest insurer in the state.

With around 100 employees, it serves over 2,000 policyholders across its six states.

Basic Information

Here’s some key information about Previsor Insurance Company Colorado that you may find useful:

Information Details
Phone Number (800) 442-0593
Address 101 N Keene St Ste C, Columbia, MO, 65201
Customer Service Contact customerservice@previsorinsurance.com
Policy Details Available upon request
Email Address info@previsorinsurance.com
Fax Number (573) 499-4999
Operating Hours Monday-Friday, 8:00 AM – 5:00 PM (Central Time)

 

Services & Products

Previsor Insurance Company helps workers who get hurt or sick because of their jobs. It pays for their doctor bills, lost pay, recovery costs, and more.

It also protects bosses from getting sued or fined because of accidents or illnesses at work.

Previsor Insurance Company has different kinds of workers’ help plans to fit the wants and money of different businesses.

These options include:

  1. Standard Policy: This is the most common type, adhering to state-mandated benefits and including employer’s liability coverage for legal expenses and damages in employee lawsuits.
  2. Dividend Policy: A policy that rewards policyholders for maintaining safe workplaces by offering premium dividends.
  3. Deductible Policy: This lets policyholders lower their premiums by agreeing to cover a portion of each claim.
  4. Retrospective Rating Policy: This policy adjusts premiums based on actual losses during the policy period.

Additionally, Previsor Insurance Company provides special packages with added benefits and savings:

  1. Safety Fanatic Program: Rewards policyholders for effective safety programs with discounts, dividends, and safety resources.
  2. Sole Proprietor Program: Allows sole proprietors to buy affordable workers’ compensation coverage.
  3. International Coverage: Provides workers’ compensation for employees working outside the United States.
  4. Temporary or Short-Term Policies: For temporary or seasonal workers, covering the same benefits as standard policies, but for shorter periods.

Financial Details

The Company enjoys financial stability, boasting an “A” rating from A.M. Best, a renowned rating agency.

It also holds an “A” (Exceptional) rating from Demotech, which evaluates financial stability and solvency.

Premium costs vary based on factors like policy type, payroll size, business classification, location, loss history, and safety record.

Previsor Insurance Company offers payment options to match policyholders’ preferences:

  1. Monthly Payment Plan: Spread premium payments over 12 monthly installments.
  2. Quarterly Payment Plan: Pay premiums in four quarterly installments.
  3. Annual Payment Plan: Pay the entire premium upfront.

The company also extends discounts:

  1. Safety Discount: Rewards policyholders with exemplary safety records.
  2. Dividend Discount: Benefits those in the dividend policy.
  3. Bundle Discount: Applies when policyholders purchase multiple policies.

With a high claim payout ratio (77.8% in 2022), Previsor Insurance Company is known for fair and generous claim settlements, exceeding the industry average of 69.4%.

Coverage Details

The Company tailors’ comprehensive coverage based on individual needs.

Coverage details may differ by policy type but usually encompass:

  1. Policy Exclusions: Events not covered by the policy.
  2. Coverage Limits: Maximum payouts per claim or policy period.
  3. Add-ons or Riders: Optional coverage enhancements for specific scenarios.

Claims Process Previsor Insurance Company streamlines the claims process:

  1. Report the Injury: Notify the company as soon as an injury occurs.
  2. File the Claim: Submit a claim form within 10 days.
  3. Receive the Benefits: After reviewing the claim, the policyholder receives benefits.

Documents vary based on injury severity and type but generally include:

  • Injury reports.
  • Claim forms.
  • Medical records.
  • Payroll information.

Claims are typically processed within 30 days.

Legal & Compliance

Previsor Insurance Company adheres to all relevant laws and regulations and prioritizes privacy and customer rights:

  1. Privacy Policy: Describes personal data handling.
  2. Terms and Conditions: Outlines the relationship between the company and its stakeholders.

Renewals & Cancellations

The Company offers flexible policy renewal and cancellation options:

  1. Policy Renewal: Policyholders can renew by reviewing terms, updating payroll, and paying renewal premiums.
  2. Cancellation Policy: Policyholders can cancel their policies before the term ends, with associated fees.

Grace periods are available for late premium payments.

Company Culture

The Company fosters a positive, collaborative, and innovative company culture, emphasizing values like integrity, diversity, and social responsibility.

They are committed to the well-being of their communities and the environment.

Customer Experiences & Reviews

Previsor Insurance Company is dedicated to delivering exceptional customer experiences and actively incorporates customer feedback.

Reviews reflect this commitment:

  • I’ve been with Previsor Insurance Company for over 5 years now and I am very satisfied with their service. They are always responsive, helpful, and professional. They have saved me a lot of money on my premiums and have paid my claims promptly. I would highly recommend them to anyone looking for workers’ compensation insurance.” – John S., Denver, CO (5 stars)
  • Previsor Insurance Company is a great company to work with. They have a friendly and knowledgeable staff that answers all my questions and concerns. They have a flexible and affordable payment plan that suits my budget. They also have a generous dividend program that gives me back some of my premium every year. I am glad I chose Previsor Insurance Company for my workers’ compensation insurance.” – Mary T., Colorado Springs, CO (4 stars)

FAQs:

Q.) How do I get a quote from Previsor Insurance Company?

A.) To obtain a quote, contact them via phone, email, or an online form, providing basic business information. They’ll review your details and offer a customized quote based on your needs.”

ALSO READ:

  • Homesite Insurance Company, Boston U.S contact, details, services and others
  • BlueShore Insurance Company, Texas(TX}:Contacts,Headquaters,Ratings,Claims and Proucts
  • Armed Forces Insurance Exchange Overview; Membership, Contacts, Finances , Claims , Reviews , Ratings and Many More
  • Ascot Specialty Insurance Company Phone number, Address, Owner, Workers’ compensation, Claims, Reviews, Careers, Ratings, Salary
Spread the love