Farmers Insurance Pool

3357 39th St SW  Suite 1; Fargo, ND  58104

                                               888-217-5100 or 701-271-9183

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Here is the latest (January 2011) information from your Farmers Insurance Pool.

Brenda Lang

Chief Executive Officer

Farmers Insurance Pool
3357 39th St SW; Ste 1
Fargo, ND  58104

(701) 271-9183
(888) 217-5100
Cell:  701-238-7837
Fax:  701-356-0010

brenda@farmersinsurancepool.com
www.farmersinsurancepool.com

 

 

                                                FARMERS INSURANCE POOL

                3357 39th St SW  Suite 1; Fargo, ND  58104

                                               888-217-5100 or 701-271-9183

 

 

2011 Workers’ Compensation Insurance Rates

 

The following rates are being provided to assist you in deciding if you wish to carry Workers’ Compensation Insurance through the Farmers Insurance Pool as a grain, sugarbeet, row crop or dairy producer.

In Minnesota as of January 1, 2011, workers’ compensation insurance is compulsory when    your agriculture payroll exceeds $45,095 annually, but optional when under $8,000 in payroll.  Purchasing a farm liability policy of $300,000 AND medical pay of $5,000 (both must be on   the farm liability policy) precludes buying workers’ compensation insurance in Minnesota for payrolls between $8,000 to $45,095.  Please check with your agent if you wish to be covered under your farm liability policy.

The Pool’s Policy Year runs from December 31 to December 31.  The Pool does have a minimum premium charge.  For example; the 0006 and 0008 classification code minimum premiums would be $352 and $263 respectively; with a higher premium charge prevailing    when payroll is reported under both classifications.

If approved as a member of the Farmers Insurance Pool, the following premium rates and additional fees will apply.

                                                          

2011 POLICY YEAR

(Rates per $100 of Payroll)

The Special Compensation Fund Assessment and WCRA Surcharge

are itemized separately from the rate.  Please call for an exact quote!

 


CLASSIFICATION


CODE

*POOL’S       RATES

General Farm Labor

0006

   $ 5.97

Hand Cultivation

0008

    $ 2.78

Machine Shop

3632

    $ 3.10

Clerical Office Employees   

8810

    $   .18

                                  

          



Please contact the Farmers Insurance Pool for Quotes on other Classifications applicable to your operation.

► All policies include Employers' Liability Insurance coverage with $1,000,000 limits.

► Your policy will also include a standard fee for the Expense Constant and Terrorism Risk Insurance

     Act; and, if eligible for an Experience Modification (E-mod), a surcharge or credit will be applied to

     the policy as determined by the State Bureau of Workers' Compensation for each policyholder.

► Please call the Pool for further information regarding the Pool's workers' compensation insurance

    program.  Our staff would be happy to explain any questions you might have.

*Rates are subject to change without notice.

                                                                                                                                                                                       01-07-11