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WC Advisors help used car company tow the line


The company, a privately owned used auto dealership, employs 12 people and has annual revenues of $1.5 million.


Certified WorkComp Advisors (CWCA) felt the company's premiums were too high and were given the opportunity to present a proposal. They found that they could offer a much more attractive rate if all insured drivers were at least 21 years of age. Since one driver, the owner's daughter, was under 21, the proposal was not accepted. When the daughter went off to college the next year, the company, now able to meet the driver age requirements, asked the CWCA to resubmit the proposal, which was accepted.


CWCAs assessed the entire company to ensure that it was paying the lowest premium possible.


The CWCA walked the property, taking photos of all areas to document that the client was running a "clean shop." They also reviewed and analyzed all classifications to be sure they were correct. During the due diligence, the Advisor discovered that the company was "under valuing" some of its tools in case of theft, and was shown that by assigning the proper value, the company could actually lower its premium.


Because of the due diligence by the CWCAs, the company's annual insurance premiums were cut in half, resulting in an estimated $7,000 annual savings.