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Advisor Articles

Winning Awards by Supporting Employee Health, Company Bottom Line


Montana Worksite Health Promotion Coalition recognizes PayneWest clients It is no mystery. A successful company [...]

Using Social Media to Promote Employee Wellness


By PayneWest Insurance Employee Benefits staff Rising health care benefit costs, poor health habits and [...]

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Glossary of Terms

Class Rate: A proprietary rate that applies to all risks in a given category or classification.

Indemnity Loss: The amount payable by the carrier to the insured, or to some third party on behalf of the insured, for reimbursement of actual damages sustained. Such losses, therefore, do not include adjustment expenses.

Workers' Compensation Insurance: Insurance against liability imposed on certain employers to pay benefits and furnish care to employees injured — and to pay benefits to dependents of employees killed — in the course of or arising out of their employment.

Subrogation: The right of an insurer to recover from a third party who is wholly or partially responsible for a loss paid by an insurer.

Assigned Risk: A risk which is not ordinarily acceptable to insurers and which is, therefore, assigned to insurers participating in an assigned risk pool or plan. Each participating company agrees to accept its share of these risks.

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Interested in joining PWI?


We are always looking to add new colleagues to our team. Whether you are a [...]

Great Falls, Montana, Offices Consolidate June 5


PayneWest’s offices in Great Falls are consolidating. Starting Wednesday, June 5, all PayneWest employees in [...]

Dillon, Montana, Office Moves May 29


PayneWest’s Dillon office is moving locations. The new office opens May 29 at 203 Southside [...]

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