Implementation of comprehensive Workers’ Comp program helps bus company drive down premiums
INSURED A school bus contractor with 30 drivers. SITUATION The company was enrolled in a special state program for school bus operators that allowed it to receive a safety group dividend and preferred pricing on their Workers’ Compensation rates....
Continue ReadingCWCAs unbundled costs and save contractor $25,000
INSUREDA midsize masonry contractor. SITUATIONThe masonry contractor was using a PEO (Professional Employer Organization) and was concerned what it was paying for Workers’ Comp was higher than that of its competitors. It was difficult for them to determine their rate...
Continue ReadingMetal fabricator saves $40,000
INSUREDA metal fabricator with 26 employees thatmanufactures metal sign-holders for various retailers. SITUATIONWith no history of carpel tunnel issues, the insured experienced a rash of carpel tunnel injuries unexpectedly, with two in excess of $80,000. This drove the company’s Experience...
Continue ReadingReal estate client saves $176,000 and lowers Experience Modesto
INSURED A large residential property company with more than 5,800 units encompassing 46 high-rise buildings and over 153 acres. SITUATION The company was using a large insurance agency/broker that was lax in managing the company’s claims, resulting in a high...
Continue ReadingCWCAs find reserve error and help bank control Mod
INSURED The insured is a large community bank with 30 branches, 400 employees, and assets in excess of $850 million. SITUATION A 12-year client, the bank had a comprehensive Workers’ Comp program and an excellent claims history, with an Experience...
Continue ReadingGeneral contractor enjoys a Workers’ Comp drop of $245,302 in just four years
INSUREDA commercial general contractor. SITUATIONA 62% Workers’ Comp surcharge drove up the company’s Experience Modification Factor to 1.12, costing them an additional premium of $185,000 per year. It also restricted the company from bidding work for large corporations that required...
Continue ReadingGrocery Store Chain saves $100k, keeps Mod down
INSURED An independent grocery store that employees 500 people with annual revenues of $20 million. SITUATION The employer had a large open claim reserve of $140,000 as a result of a back injury to an employee. There was also a...
Continue ReadingCWCAs help Excavating Company dig up answers to reasons for high open reserves
INSURED The insured is a large trucking and excavating company with a fleet of 50 trucks, 90 employees and $10 million in annual revenues. SITUATION The company had large open claims that negatively impacted its Experience Mod. The current agent...
Continue ReadingBetter HR helps manufacturer lower Mod
INSURED An ice cream manufacturer with 12 employees and revenues of $2.8 million. SITUATION The company had an Experience Mod of 1.9, which was more than three times what it should be. ASSESSMENT A team of CWCAs reviewed the business....
Continue ReadingPremium increase not set in stone as MOD adjustment returns $150,000 to concrete manufacturer
INSURED This free-cast prestressed concrete manufacturer and contractor has annual revenues of nearly $15 million and employs 60 people. SITUATION The company, which traditionally had an Experience Modification Factor in the .89 to .90 range, saw a rise to 1.2....
Continue Reading