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Aggregate Excess Loss Coverage

Aggregate Excess Loss coverage, written in combination with Specific Excess, protects employers against unexpected fluctuations in claims frequency in total, rather than on a single covered individual.  This coverage limits overall annual claims liability and reimburses the employer when claims for its self-funded plan, as a whole, exceed a predetermined threshold – the Aggregate Attachment Point.

Excess Risk provides the following features on our Aggregate Excess offerings:

  • Incurred and Paid, Run-in and Run-out contracts.
  • Monthly Aggregate Accommodation is available.  Aggregate Accommodation serves as a sort of “over draft protection” for the self-funded plan. It helps the employer in the event there is a shortfall in the claim fund and is repaid once the claim fund is returned to the black.
  • Terminal Liability Option is available.  Terminal Liability provides the employer with protection in the event the self-funded plan is terminated and the employer returns to a fully insured coverage.
  • Non-experience (manual) aggregates are available on existing fully insured employers.

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