Success Stories

Setting Up a Captive Insurance Company Saves Nearly $47,000 Per Month for Staffing Company

4 years, 7 months ago

INSURED This 300 - employee staffing company, headquartered in Indiana with offices on both coasts, greatly reduced their premium after we analyzed their State Workers Compensation and Longshore and Harbor Workers’ Compensation Insurance (USLH).     SITUATION This company has...

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Satellite company saves nearly half-million in premiums

4 years, 7 months ago

INSURED A multi-state satellite installation company with 36 employees. SITUATION The company unexpectedly received a $499,916 audit premium notice. The previous premium was $13,530. ASSESSMENT In reviewing the audit, CWCAs from Trissel, Graham, and Toole discovered that the auditor had...

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WC Advisors speak up on behalf of client, and speech pathologist group sees over $30,000 in returned premiums

4 years, 7 months ago

INSURED This employer is a privately owned practice of speech-language pathologists, servicing various medical and academic settings. The company employs upwards of 30 people. SITUATION The company was experiencing abnormally high premiums due to a SCOPES (rating bureau’s manual of...

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Correcting misclassification a good sign for outdoor sign company

4 years, 7 months ago

INSURED The insured is an outdoor sign company with fewer than 10 employees. The company’s annual revenue is just under $2,000,000. SITUATION The company’s annual premium was extremely high based on the number of employees and the level of duties...

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School goes to head of the class by recovering $32,000 on audit

4 years, 7 months ago

INSURED School for "Exceptional Children" (autism, down syndrome, etc.); 300 employees; safety committee 19 staff members. SITUATION 1.88 experience mod, 300% loss ratio, which means the insurance company paid out to doctors, pharmacies, and other medical providers three times more...

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Error in classification ruling nearly costs auto repair company thousands in higher premiums

4 years, 7 months ago

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...

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Class audits & improved management cut care provider’s Mod 44%

4 years, 7 months ago

INSURED The business is a non-profit outpatient, long-term care provider with a $20 million payroll for 512 employees spread over nine locations. The company assists elderly clients so that they are able to remain at home by either picking them...

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Audit of audit finds incorrect change in classification, nets $41K

4 years, 7 months ago

INSURED The business is a local hauler that handles towing risks. It has 25 employees and does approximately $1.5 million per year in business. SITUATION Following an audit of the insured’s Workers’ Comp policy, the company was charged an additional...

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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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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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