7 Secrets that Cost Your Client a Bundle on their Workers' Comp

Implementation of comprehensive Workers’ Comp program saves auto dealer $2 million in first year

3 years, 8 months ago

INSURED This chain of full-service automobile dealerships employs more than 500 people divided into three work classes – dealer, auto sales people and clerical. The company does more than $250 million in business. SITUATION The frequency and severity of claims...

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Correct medical diagnosis keeps employer from feeling the pain of a Mod increase

3 years, 8 months ago ,

INSURED The insured is a water and sewer pump company and employs 27. There are additional employees in two other states.  SITUATION An employee had undergone gall bladder surgery. He was released back to work full duty (without restrictions) three...

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Combining hotels saves owner $823,000 and lowers Experience Mod

INSURED Five hotels, under a single ownership. The company employs more than 2,000 with premiums in excess of $1.8 million. SITUATION The company’s Experience Modification Factor and premiums had climbed steadily and ownership was unaware as to why they were...

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Loss control program melts Workers’ Compensation costs

INSURED This ice cream manufacturing and dairy operation have 16 full-time employees with revenues of $4,700,870. SITUATION The ice cream manufacturer was saddled with an Experience Mod of 1.698, more than three times the 0.65 minimum mod. Five job-related injury...

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Claims investigation brings client’s Mod to an all-time low

INSURED The insured is a contract hauler that services major building supply companies and contractor equipment dealers in 11 states. Annual gross revenues are in excess of $6,000,000. SITUATION The company’s Workers’ Compensation premium was $140,000 and the Experience Mod...

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Private school learns a lesson by seeing Mod drop 95 points

3 years, 8 months ago ,

INSURED The insured is a large non-profit school for physically and mentally-challenged students. SITUATION The school was being cancelled by its existing carrier of 45 years because of a poor history resulting in a 300% loss ratio and a mod...

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Implementation of comprehensive Workers’ Comp program saves manufacturing company $3,000 on one claim

3 years, 8 months ago ,

INSURED The insured is a wood products manufacturing company that employs more than 40 people divided into three work classes – sash/door/assembly millwork, sales people and clerical. The company works one shift, has a very stable workforce and consistently produces...

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Injury management program reduces annual losses from $163,675 to $6,074 for machine maintenance company

3 years, 8 months ago

INSURED This machine maintenance company employs 130 people in five states. SITUATION Because the company is a multi-state risk, injury management was becoming a problem, especially since there was no onsite claims supervisor at any of the locations. The result...

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The case of the disappearing claims

3 years, 8 months ago ,

INSURED The insured is a social service agency with 390 employees in 22 locations.   SITUATION In one six-month period, this insured experienced 27 workers’ compensation claims totaling $89,000.   ASSESSMENT A Certified WorkComp Advisor (CWCA) looked into the situation...

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Real Estate developer builds on $100,000 savings and lower Experience Mod

3 years, 8 months ago

INSURED A large multi-state owner/developer of residential and commercial property. SITUATION The company was using a large insurance agency/broker who was having difficulty managing the company’s claims in a multi-state environment. This complexity requires expertise as well as the time...

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