Kinetic Broker FAQ
Here's what you need to know.
Working with Kinetic
Who does Kinetic market and underwrite for?
Kinetic markets and underwrites for Nationwide Mutual Insurance Company, rated A+ (Superior) by AM Best with a Financial Size Category XV.
Why choose Kinetic if I’m already appointed with Nationwide?
Kinetic offers unique coverage and rates through Nationwide’s National Casualty Company, separate from their direct channel. We offer wearable safety tech at no extra cost, with every competitively priced policy.
Can I send Kinetic a policy already written with Nationwide direct?
No, Kinetic does not seek to write policies for current Nationwide Direct clients or other Nationwide E&S program managers writing on National Casualty paper.
Does Kinetic use third-party administrators (TPAs)?
Nationwide handles services directly. Aspects of premium audits and claims may be managed by TPA’s on a jurisdictional basis. In these rare instances, the TPA relationship will be coordinated by Nationwide.
Reliable Premium Finance, a Nationwide Insurance Company vendor, facilitates the PayGo 0% deposit billing feature.
When are commissions paid?
Commissions are earned based on paid premiums and issued one month in arrears, typically on or before the 25th of the month. Payments can be made via ACH or check, with commission statements sent separately.
What sales and marketing support does Kinetic provide?
Pre- and post-sales support including marketing materials, policyholder onboarding, and in-house claims management and loss control help you deliver an exceptional experience to your clients.
Before you submit
What states can you write in?
Nationwide's workers' compensation coverage is available in all non-monopolistic states.
Is there a maximum experience modifier?
No, Kinetic does not have a maximum experience modifier.
Will you consider underwriting industries outside your target sectors?
While Kinetic focuses on specific industries, we’re open to exploring new sectors where our Injury Reduction Platform can add value.
What is the minimum premium you can write?
The minimum manual premium is $50,000.
What type of accounts do you not write for?
Kinetic does not write for new ventures or accounts with gaps in coverage. We will consider mid-term moves on an exception basis only.
Can Kinetic write deductible programs?
Yes, Kinetic offers Guaranteed Cost, and Small or Large Deductible policies, depending on the state.
Ready to submit
When can I send submissions for clearance?
Submissions can be sent 120 days before the policy effective date. Email them to submissions@kineticcomp.com. Incomplete submissions won't be reserved.
What do you need to reserve an account?
To reserve an account, please submit:
- Acord 130 (signed upon policy issuance)
- Current and 3 prior policy periods of loss runs
- Kinetic Supplemental (for applicable target industries)
- Ex-Mod Worksheet (if available)
Do you accept a broker of record or broker of service?
Kinetic does not accept broker of record (BOR) or broker of service (BOS) requests.
What's included
Is Nurse Triage included in the program?
Yes, Nurse Triage is provided by Nationwide and managed by Mitchell | Genex | Coventry for certain components. View injury reporting and claims info for nurse triage.
Is the Reflex wearable platform included in the workers' comp policy price?
Yes, the Reflex wearable device is available–at no additional cost–to all Kinetic policyholders. Policyholders also benefit from our injury prediction and injury management technology.
Are policyholders required to use the Reflex wearable platform?
No, while we highly recommend policyholders implement the Reflex wearable device to protect their employees and reduce injury claims, they are not required to do so.
Can I sell the Reflex wearable platform without workers' comp insurance?
Yes, retail agents can sell devices directly. Contact your territory business development manager for details.
Is Rapid Return-to-Work included in the program?
Yes, our unique Rapid Return-to-Work program is available to all policyholders. Our program helps policyholders reduce indemnity and medical costs, and accelerates claim resolution through controlling 'lost work time'.
Payments
What payment plans are available to policyholders?
- Pay-As-You-Go: 0% deposit, $100 one-time setup fee, $15 per reporting
- Annual: Full premium paid upfront
- Semi-Annual: 50% deposit
- Quarterly: 25%, 35%, or 40% deposit options
- 10-Pay: 10%, 25%, or 35% deposit options
- 12-Pay: 8.7% deposit
Need a resource to explain Pay-As-You-Go? We've got you covered.
How can policyholders pay their premiums?
Payments can be made by check or online via wire or ACH. Credit card and phone payment options are not available.
Pay-As-You-Go policyholders may pay by credit card.
When and how are dividends paid?
Dividend-endorsed policies may be eligible for dividend payment on policies $100k or greater in premiums at inception and confirmed at audit, which have a loss ratio within the eligible range based on premium strata. If there are no open claims at month 18 after policy inception, 100% of the dividend will be paid. However, if there are open claims, 50% will be paid. 30 months after policy inception, so long as the loss ratio remains within the eligible range, and there are no open claims, the other 50% of the payment will be paid to the insured. The policyholder must be an active policyholder to receive payment. If the loss ratio at the second snapshot is outside eligibility and/or there are open claims, the insured will not forfeit their first dividend payment. Also, if the loss ratio improves at the second snapshot, the policyholder may be eligible for a higher dividend payout.