At Stonetrust Commercial Insurance Company, it is our mission to be a professional and capable partner to our policyholders and producers while providing workers' compensation coverage at competitive rates. Stonetrust seeks to develop a working relationship with each policyholder and producer to achieve our mutual goal of workplace safety and claims cost containment.
Stonetrust is a Nebraska domiciled insurance company providing workers' compensation and employers' liability insurance to more than 4,500 policyholders. Beginning as a workers' compensation self-insurance trust, we have evolved to become a stock insurance company licensed in 28 states and currently writing coverage in eight states including: Nebraska, Louisiana, Arkansas, Mississippi, Oklahoma, Missouri, Tennessee, and Texas.
Stonetrust began in 1993 as a self-insurance fund (the LACE-SIF) which, in its seven years of operation, was extremely profitable with a combined loss ratio of 50% for all years of operation. As the Louisiana workers' compensation market stabilized, management and the board of directors sought ways to become more competitive and offer more products to member employers.
Stonetrust is a Nebraska domiciled insurance company providing workers' compensation and employers' liability insurance to more than 4,500 policyholders. Beginning as a workers' compensation self-insurance trust, we have evolved to become a stock insurance company licensed in 28 states and currently writing coverage in eight states including: Nebraska, Louisiana, Arkansas, Mississippi, Oklahoma, Missouri, Tennessee, and Texas.
Stonetrust began in 1993 as a self-insurance fund (the LACE-SIF) which, in its seven years of operation, was extremely profitable with a combined loss ratio of 50% for all years of operation. As the Louisiana workers' compensation market stabilized, management and the board of directors sought ways to become more competitive and offer more products to member employers.
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The first element considered is the payroll.
If you are unsure what payroll to report, see the "Reporting Payroll" section.
Payroll amounts determine the compensation an insurer may have to pay in the event of a claim.
The second element is the business classification assigned to you by NCCI, the National Council on Compensation Insurance.
Your classification will determine the rate you pay; rates vary according to classifications as some classifications are riskier than others.
The total payroll for each classification is multiplied by the rate for that classification (rate per $100 payroll) to determine the estimated premium.
If you are unsure what payroll to report, see the "Reporting Payroll" section.
Payroll amounts determine the compensation an insurer may have to pay in the event of a claim.
The second element is the business classification assigned to you by NCCI, the National Council on Compensation Insurance.
Your classification will determine the rate you pay; rates vary according to classifications as some classifications are riskier than others.
The total payroll for each classification is multiplied by the rate for that classification (rate per $100 payroll) to determine the estimated premium.
Workers' Compensation premium is based on the overall payroll and any other remuneration paid out during the policy period.
Premium is calculated on every $100 of payroll or remuneration multiplied by the rate charged within each classification associated with the policy.
Listed below are various items that are included or excluded when determining the total payroll / remuneration for the premium calculation.
The list was extracted from the NCCI Basic Rules manual and contains the most common inclusions and exclusions.
Premium is calculated on every $100 of payroll or remuneration multiplied by the rate charged within each classification associated with the policy.
Listed below are various items that are included or excluded when determining the total payroll / remuneration for the premium calculation.
The list was extracted from the NCCI Basic Rules manual and contains the most common inclusions and exclusions.
Insurance audits are typically performed on commercial insurance policies which have adjustable or variable premium bases.
When you purchased your policy, you paid a deposit premium based on your best estimate of those bases and at the end of the policy period, the final premium base must be determined.
This process is called a Premium Audit.
By auditing these policies, insurance companies see that all businesses pay the correct amount.
In addition, the Premium Audit provides valuable information on your business operations and allows you to have personal contact with a representative of your insurance company.
When you purchased your policy, you paid a deposit premium based on your best estimate of those bases and at the end of the policy period, the final premium base must be determined.
This process is called a Premium Audit.
By auditing these policies, insurance companies see that all businesses pay the correct amount.
In addition, the Premium Audit provides valuable information on your business operations and allows you to have personal contact with a representative of your insurance company.
Stonetrust's Policyholder Payment Portal allows you to complete your Monthly Self Audit Report online with the option of making an electronic payment directly from your checking account.
Policyholders on installment billing plans may also pay their invoices electronically.
Although automatic payment of recurring installment billings is not available at this time, payment information is securely stored for future use.
Electronic Funds Transfer (EFT) is the automatic transfer of premium payments from your bank account.
Policyholders on installment billing plans may also pay their invoices electronically.
Although automatic payment of recurring installment billings is not available at this time, payment information is securely stored for future use.
Electronic Funds Transfer (EFT) is the automatic transfer of premium payments from your bank account.
To report a workers compensation claim by FAX or MAIL, use the appropriate form for your state below.
You can also save it to your computer and email it to claims@stonetrustinsurance.com.
Upon receipt of your claim, we will file the appropriate documents with the proper regulatory authorities in your state.
BY FAX: Complete the appropriate claim form and fax it toll free to 866.923.1871.
BY EMAIL: Complete the appropriate workers compensation claim form, save it to your computer, and email it to claims@stonetrustinsurance.com.
You can also save it to your computer and email it to claims@stonetrustinsurance.com.
Upon receipt of your claim, we will file the appropriate documents with the proper regulatory authorities in your state.
BY FAX: Complete the appropriate claim form and fax it toll free to 866.923.1871.
BY EMAIL: Complete the appropriate workers compensation claim form, save it to your computer, and email it to claims@stonetrustinsurance.com.
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