Kinetic Insurance is a new workers compensation carrier at Libertate Insurance
New Libertate Insurance, an Assured Partner company, has added another workers compensation carrier to its impressive roster of existing carrier partners.
Libertate has partnered with Kinetic Insurance through Nationwide E & S to provide a new workers compensation solution combining coverage with safety technology.
Kinetic said its proprietary, patented technology has been verified by actuary firm Perr & Knight to reduce injury frequency up to 50-60% and lost workdays by 72%.
Kinetic provides wearable technology at no extra cost to policyholders in an effort to bring “big company safety culture within the reach of mid-market companies.” Employers can gain the risk management benefits of wearable tech within their existing workers’ compensation policy budget.
While Kinetic’s wearable technology is included at no extra cost with the insurance policy, policyholders must commit to using the technology with their workforce. As an additional incentive, policyholders who attain the minimum device usage may opt into a dividend program that could further reduce their net premium.
The Kinetic Reflex device detects unsafe postures and provides workers with real time feedback whenever a high-risk motion occurs. Over time, workers can use Reflex to improve their biomechanics, which the firm says can result in fewer injuries and improved well-being.
Safety managers can view risk data in the Kinetic dashboard, which can be used to make targeted changes to workplace processes that can help to reduce injury risk further.
Click on the link below to learn more about this new innovative workers compensation solution provided by Libertate Insurance, an Assured Partners company.
https://www.insurancejournal.com/news/national/2021/11/16/642468.htm
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