Zenith National Insurance Corp. is a wholly-owned, indirect subsidiary of Fairfax Financial Holdings Limited. Since the last 60 years and throughout America, Zenith is engaged in workers’ compensation insurance. It also offers agribusiness insurance in California. The Zenith logo uses a powerful bold font which is closely kerned together to make an impact.
Workers’ compensation insurance policies from Zenith
Workers’ compensation insurance is instrumental in providing medical care and other benefits to workers who get injured while on the job. Zenith’s policies offer a no-fault insurance – which means that the worker who is justifiably injured while doing his job gets insurance benefits as determined by the law, regardless of who is at fault. Zenith offers three different types of policies: 1. Injuries or illnesses which are caused because of a certain work-related accident. 2. Injuries or illnesses which are directly linked to work or employment, but are caused over a period of time (by cumulative effect of work) 3. Occupational conditions (for example, exposure to toxic chemicals while on the job). Though workers’ compensation laws and rules depend on states, any business having employees must buy workers’ compensation insurance. Premium calculation The premium depends on the nature of a business and the claims history. Zenith’s insurance assumes that groups of businesses share the risk of loss. So, it slots a business into a business group and figures out the losses depending on workers’ exposure to risk in this industry or group. The rate is applied to every $100 of salary. Higher risks lead to higher losses, which lead to a higher premium. Factors affecting premiums Businesses can get lower premiums based on certain factors. For example, if a business’s claims history is muted as compared to other members in its business group, then its premium will be lower. Businesses can save on Zenith’s premiums by participating in state premium credit programs like Safety Credits Programs, Return-to-Work programs, etc.
Agribusiness insurance in California
A qualified business professional team Zenith’s agribusiness insurance protects agricultural business’ property, liability and autos. Zenith’s team of experienced agriculture business professionals is technically qualified in valuing agricultural property and liability. More accessible to agribusiness owners As Zenith Insurance company is headquartered in California, providing insurance to agribusiness owners is more accessible. Zenith will also soon start offering farm and ranch insurance, as per information available on their website. Zenith’s agribusiness insurance management covers agricultural commercial property (tractors, processing facilities), automobiles (cars, trucks), catastrophic losses and commercial general liability (from the cost of defending or paying damages if a thirrd party claims that a business caused them harm or damaged their property).