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

Incorrect audits drive up rates for printing company

4 years, 7 months ago ,

INSURED This printing company employs 85-90 people and has revenues estimated at $15 million. SITUATION The employer was witnessing an increase in its Experience Mod and annual premiums. ASSESSMENT The employer became increasingly dissatisfied with their current carrier because they...

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A careful audit helps save oil company $2,000

4 years, 7 months ago ,

INSURED The insured is a large oil company making deliveries to area businesses, including five convenient stores/service stations that it owns. The company has 40 employees and estimated annual revenues in excess of $50 million. SITUATION Following an audit, the...

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Comprehensive Workers’ Comp program lowers premium by 44%

4 years, 7 months ago ,

INSURED The insured is a manufacturer with 25 employees and annual revenues of $25 million. SITUATION The company experienced a spike in its Experience Mod and a corresponding increase in its premiums. Premiums were increasing at a disturbing rate of...

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Audit review leads to client savings of $18,940

4 years, 7 months ago ,

INSURED The insured is a family-owned trucking company with 20 employees. Its primary business is hauling dirt, sand and gravel, as well as landscape product sales. SITUATION In early April 2008, the insured received an additional premium from the 2006/07...

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Demolition company knocks down $36,000 on its annual premium

4 years, 7 months ago ,

INSURED The insured is a demolition company specializing in interior non-structural demolition. It employs 100 workers. SITUATION The company, which performed work in three states—Maryland, Virginia and the District of Columbia—was given a premium that appeared to the client to...

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Workers’ Comp education puts trucking co. on the road to Lower Mod and lower premiums

4 years, 7 months ago

INSURED The insured is a company, with 1,100 employees and more than $100 million in revenues. SITUATION The company's Workers' Comp-related costs were growing steadily at a rate of 30% per year over a three-year period. ASSESSMENT In reviewing the...

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Wholesaler gets down to nuts & bolts with a Return-To-Work program

4 years, 7 months ago

INSURED The company, a wholesaler specializing in mailing parts, employs 50 workers. SITUATION Traditionally, the company had a low Experience Mod, but was now looking at a potential leap from .92 to 1.15. The company did not understand the reasons...

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Workers’ Comp program saves roofing company $100,000

4 years, 7 months ago

INSURED A commercial roofing company that employs more than 200 people and has approximately $15 million in annual revenue. SITUATION The company saw its Experience Modification Factor reach as high as 1.0. In addition to increased premiums, there was the...

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Workers’ Comp program saves Non-Profit $600,000

4 years, 7 months ago

INSURED A distribution company with 450 employees. SITUATION Since the company's Experience Modification Factor reached an alarming 2.04, they were placed in the state's assigned risk pool, as well as assessed ARAP surcharges. ASSESSMENT CWCAs worked closely with the company...

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Wellness program helps auto parts manufacturer repair claims

4 years, 7 months ago

INSURED A manufacturer with 170 employees. SITUATION The company's claims costs, which had traditionally been increasing at the rate of 7-8% annually, were suddenly going up over 20% annually. ASSESSMENT A CWCA reviewed all open and prior injury claims, analyzed...

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