Recover Up to 26% of Your Workers’ Comp Policy Premium
Kinetic Insurance offers policyholders access to a dividend program that rewards companies for keeping their workers safe.
Introducing the Kinetic Dividend Program
Companies that adhere to safety practices resulting in a “lower than expected” loss frequency are well positioned to earn a sizable dividend through Kinetic’s AM Best A+ workers’ comp program. This program enables policyholders to recover up to 26% of a policy’s premium based on annual incurred losses.
Simply put – the fewer claims the company has, the bigger the dividend.
What’s the Catch? You Have to Wear Your Kinetic Reflex, Of Course!
Kinetic’s differentiated workers’ comp policy includes state-of-the-art safety tech proven to reduce the risk of strains and sprains from everyday on-the-job tasks.
The belt-mounted device is packed with cutting-edge sensors and leverages machine learning to detect harmful movements, including bends, twists, jumping from unsafe heights, and overreaching. It then provides workers with real-time feedback to correct their posture and stay safe.
What are the eligibility requirements for the Dividend Program?
- The policy is at $100,000 in earned premium at the final audit.
- You’ve been in business for a minimum of 3 years
- All at-risk employees with payroll in the governing class code will wear the Kinetic wearable safety device at least 10 hours per week and you must achieve a minimum Net Usage of 50% at six months of policy effective date.
How to Achieve 50% Net Usage
Net Usage is defined as the percentage of at-risk workers wearing Kinetic devices for at least 10- hours/week, calculated as a four-week rolling average. Kinetic is responsible for evaluating net usage rate of the insured.
Reach: The coverage of devices for the at-risk employees at the policyholder.
Participation: The number of devices worn on a weekly basis for more than 10 hours by the at-risk workforce.
Net Usage = Reach x Participation
If Kinetic’s safety tech is being worn regularly and your workers stay safe, you can see a significant dividend at the end of your policy effective date.
Kinetic Dividend Program