multiple coordinated policies
An arrangement of workers compensation insurance coverage typically used
in the residual market to ensure that workers leased through an employee leasing
company/professional employer organization (PEO) are afforded coverage without
gaps or overlaps. This is achieved by having the leasing company/PEO and each
of its clients purchase separate policies that have a common expiration date
and are written by a single insurer. Then the multiple coordinated policy endorsement
is added to each policy, which specifies which leased employees are covered by
that policy.
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