Kinetic's parcel delivery appetite
With e-commerce booming, the number of parcel delivery drivers is projected to grow 9% over the next decade. But, long hours and heavy lifting contribute to one of the highest injury rates across occupations.
Kinetic understands the complexities of insuring this workforce, providing workers' comp policies with built-in injury prevention technology designed to reduce these risks.
Benefits of coverage for parcel delivery businesses
Tech-driven safety
Keep your clients ahead of workplace risks with smart safety tech built into every Kinetic policy.
Lower costs
Help your clients reduce their premiums on average 13% through optimized safety processes.
Specialized expertise
Industry experts, underwriters, and claims professionals deliver an exceptional, hands-on client experience.
Target class codes
- 7230/7198 Trucking - Parcel or Package Delivery
- 7231/7219 Mail Parcel or Package Delivery and Courier
- 7232 Trucking - Mail Parcel or Package Delivery - Under contract
Parcel exclusions
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No payroll growth >70% in the current or expiring year without reasonable explanation.
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No exposure in Wisconsin.
General exclusions
No Aircraft exposure; No Mid-term business, unless they are coming out for PEO or Captive; No business with less than 3 years of prior workers comp coverage, may consider Parcel with more than 2 years of prior workers comp coverage; No 1099 Exposure greater than 40%; No risks coming out of a PEO, unless they have their own NCCI or state bureau ex-mod; No Staffing Agencies; No USL&H; No Jones Act; No Maritime Employers Liability; No Foreign Coverage; No Retroactive policies; No Large risk alternative rating option (LRARO).
Submission requirements
- ACORD 130
- Industry supplemental applications
- Ex-mod worksheet
- Current year and prior 3 years loss runs valued no more than 120 days prior to effective date
- Target pricing (if known)
