Worker's Comp Policy

A workers compensation policy provides statutory coverage for employee injuries and employer liability while capturing essential policyholder and insurer details. Key data includes the named insured, address, policy number, effective and expiration dates, insurer information, A.M. Best rating, and insurer status.

Feathery’s AI extracts coverage details such as workers compensation and employers liability limits, including per accident, per employee (disease), and aggregate limits, along with the states covered. Premium and classification information is also pulled, including classification codes and descriptions, estimated payroll, applied rates, and calculated premiums. The system further captures endorsements, waivers of subrogation, billing terms, and applicable taxes or surcharges. Automating this process streamlines policy review, ensures accuracy, and expedites underwriting for workers compensation coverage.