What is the assigned risk market (also referred to as the “alternative residual market “) and why do I have to be in it?
The assigned risk market is a mechanism that has been set up to ensure that employers can obtain workers ‘ compensation coverage if they are in good faith entitled to workers ‘ compensation coverage, but cannot secure such coverage through ordinary means. Many employers are in this market because they are engaged in an inherently risky industry, have bad loss experience, are too small and/or are just starting a new business.
