ESG/Renaissance Insurance Partner to Offer Cost-Effective Workers' Comp Coverage

Employer Solutions Group Partners with Renaissance Insurance Group for Workers’ Comp Coverage

Brokerage provides cost-effective, pay-as-you-go model for ESG clients


Employer Solutions Group (www.esghr.com), a human resources outsourcing company that services businesses with employees working throughout the U.S., announces a new partnership with Renaissance Insurance Group. ESG clients will benefit from the arrangement, which gives them access to cost-effective workers’ compensation insurance through Renaissance.

Mark Weaver, General Manager and Senior HR Consultant for ESG, said, "Renaissance Insurance Group has already done an outstanding job of servicing our clients. They’ve provided us with great, hands-on service throughout the process, responding in a timely manner to our clients’ needs." Weaver notes that Renaissance has offices in Windsor and Denver, and that the company’s regional presence and knowledge of the area was important as ESG looked for a partner to help its clients. "Renaissance writes other types of property and casualty insurance for businesses. They work with a variety of insurance providers and are able to get a wide range of bids and find a product that does exactly what our clients need."

ESG’s plan allows clients to effectively manage their money throughout the year, thanks to a unique payment model. Ryan Hicks, co-owner at Renaissance, explains, "Normally, workers’ compensation premiums are based on projected annual payroll at the time of the last renewal, and paid for in nine even installments. Businesses are paying premiums on these projected payrolls and after the expiration of the policy, they either receive money back or pay additional premiums as a result of a premium audit."

Under the plan provided to ESG clients, however, businesses will instead pay premium based on actual monthly payroll. This is particularly beneficial to seasonal businesses who may have drastic changes in payroll from month to month; however, it can help any type of business manage cash flow, since funds are not tied up in premiums that are not accurate. This can be a huge cash flow issue for the policy holder. "This is great news for our clients," Weaver says, "especially right now, when everyone is looking for ways to manage their cash flow more efficiently for both short- and long-term needs. If our clients have to reduce payroll, their premiums flex down with that reduction."

The new workers’ comp plan is provided by Pinnacol Assurance. Hicks and his team at Renaissance will manage the plan and provide individual service and attention to ESG and its clients as needed. "We chose to work with Renaissance in part because they provide the same thorough advice and attentive service that we provide our own clients," said Weaver. "We look forward to having a close partnership with them."

For complete details, and to learn how to obtain coverage through ESG, businesses may contact the Loveland branch office at 970-612-2022.

About Renaissance Insurance Group
Renaissance Insurance Group was founded in Windsor, Colorado in 2001. The firm’s goal was to be an independent advocate for its clients, by working with multiple insurance providers to find the best value based on client needs. In 2003, the company added a location in Denver, allowing it to serve businesses throughout the entire state of Colorado. For more information, visit www.reninsurance.com or call 970.674.8825.

About Employer Solutions Group
Employer Solutions Group (ESG) enables its clients to cost-effectively outsource the management of human resources, employee benefits, payroll and related tax compliance, and workers' compensation. Specializing in these specific employer needs allows ESG to efficiently deliver a tailored package of services to its clients. ESG clients are then able to focus on growing and operating their businesses, rather than worrying about HR and payroll. The company’s Loveland, Colorado-based professional staff serves companies that range in size from a handful of employees to hundreds. ESG is a member of the National Association of Professional Employer Organizations (www.napeo.com). For more information, visit www.esghr.com, email mark@esghr.com or call (970) 612-2022.