AMERISAFE INC

AMERISAFE, Inc. is a specialized provider of workers' compensation insurance. The company focuses on small to mid-sized employers operating in hazardous industries such as construction, trucking, logging and lumber, agriculture, services, manufacturing, and maritime. Since starting operations in 1986, AMERISAFE has developed expertise in underwriting the complex workers' compensation risks in these sectors. AMERISAFE offers coverage under state and federal workers' compensation laws, which mandate wage replacement and medical care benefits for employees injured on the job. Their policies cover benefits for temporary or permanent disability, death, and medical and hospital expenses for injured employees. The specific benefits and their duration are determined by state or federal law, varying by jurisdiction, injury severity, and employee wages. Policyholders, who are employers, pay the premiums. Employers in hazardous industries typically experience less frequent but more severe claims, including severe injuries such as death, dismemberment, paraplegia, and quadriplegia. Consequently, these employers pay significantly higher workers' compensation insurance rates per payroll dollar compared to other industries, reflecting the inherent dangers of their work. AMERISAFE employs a disciplined underwriting approach and offers comprehensive services to reduce workplace injuries and their costs. This includes providing safety services at employer workplaces as part of their underwriting process and using proactive claims management to lower overall claim costs. Additionally, their premium audit services ensure accurate premium calculation and help monitor payroll patterns for underwriting, safety, or fraud concerns.