Who is the intended audience for workers' compensation assigned risk programs?

The intended audience for workers' compensation assigned risk programs consists of employers who are unable to obtain workers' compensation insurance through standard market channels. These programs serve as a safety net for businesses that may face challenges due to various factors, such as the nature of their work, claims history, or poor credit records.

Assigned risk programs provide a way for these employers to comply with legal requirements for workers' compensation coverage, thereby ensuring that their employees are protected in case of workplace injuries or illnesses. This is particularly important as most states mandate that employers provide some form of workers' compensation insurance.

Other options, while related to insurance, do not accurately represent the specific purpose of assigned risk programs. For instance, large corporations may have the resources and negotiating power to secure coverage through traditional markets, and individual personal insurance policies do not fall under workers' compensation. High-risk businesses may find coverage in assigned risk programs, but the key distinction is that these programs are primarily designed for employers who cannot secure insurance through standard methods.