Workers’ Comp Insurance
For the manufacturing industry
Workers compensation is costly for manufacturing businesses. While technology is transforming the industry, safety and insurance are lagging behind.
Foresight is bringing tech-driven workers compensation coverage to your manufacturing clients. Technology has the same cost and life-saving benefits when applied to insurance.
Assembling a better workers’ compensation experience
At Foresight, we wrap our proprietary risk management technology into every policy. As insureds practice proactive safety, we’re able to reward them with safety credits and lower premiums and reward you with bonus commissions.
Benefits of coverage for manufacturing companies
Compliance - and then some
Your client receives competitive pricing upfront and benefits from claims frequency reduction of 17% on average.
Better claims handling
Introducing innovative coverage
In 2019, manufacturing accounted for 15% of all private sector non-death workplace-related injuries. The industry has evolved rapidly but injuries remain a looming problem and workers comp costs are high.
Foresight is changing that. We wrap our proprietary risk management technology into every workers compensation policy. As insureds practice proactive safety, we’re able to reward them with safety credits and lower premiums and reward you, their broker, with bonus commissions.
Foresight workers’ comp for manufacturers
Foresight provides a streamlined workers’ compensation experience for you and your clients. We write policies across the United States for: clothing & textile manufacturing, cement manufacturing, mobile/modular home manufacturing, telecommunications installation, die-cast manufacturers, and many others.
Compliance and risk reduction
As your clients streamline safety processes, they meet compliance goals — and we lower premiums.
Streamlined claims management
If an incident does occur, Foresight’s platform streamlines your client’s response, helping them investigate and resolve the event quickly.
Why insurtech for manufacturing?
Manufacturing has benefited from technology in almost every area of the business except insurance — until now. As an insurtech built for brokers and their mid-market clients, Foresight provides streamlined business processes and data-driven risk management, allowing us to take on more diverse risks than other insurers.
Our tech saves insureds time and money — while also improving safety.
Workers’ comp is just the beginning
- Your clients’ safe practices drive down their premiums.
- Our tech-enabled servicing saves time through fast quoting, easy billing, and simple claims management.
- Add even more value with inland marine lines of coverage, including motor truck cargo and builders risk.
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