Error in classification ruling nearly costs auto repair company thousands in higher premiums
INSURED Located in Wisconsin, this auto repair business also does retail parts sales and auto dismantling. The company employs seven people. SITUATION The Rating Board showed up unannounced to undertake a classification audit. The audit resulted in a re-classification of...
Continue ReadingHVAC company quantifies Mod, saves business
INSURED The insured is an HVAC service company with approximately 23 employees and estimated sales of $4 million. SITUATION The company was in serious danger of losing one of its biggest accounts, a leading national paper manufacturer. The paper manufacturer...
Continue ReadingImplementation of comprehensive Workers’ Comp program saves auto dealer $2 million in first year
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...
Continue ReadingCorrect medical diagnosis keeps employer from feeling the pain of a Mod increase
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...
Continue ReadingCombining 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...
Continue ReadingLoss 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...
Continue ReadingClaims 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...
Continue ReadingPrivate school learns a lesson by seeing Mod drop 95 points
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...
Continue ReadingImplementation of comprehensive Workers’ Comp program saves manufacturing company $3,000 on one claim
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...
Continue ReadingInjury management program reduces annual losses from $163,675 to $6,074 for machine maintenance company
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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