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 15-20% annually and in three years had doubled from $25,000 to $50,000. The Experience […]

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 final audit in the amount of $15,129.   ASSESSMENT Following established guidelines as set […]

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 be higher than usual.   ASSESSMENT The CWCAs, upon reviewing all documents provided by […]

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 data, CWCAs quickly realized that exceptionally high employee turnover was driving much of […]

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 for the significant jump.   ASSESSMENT CWCAs determined that the projected increase was the […]

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 added danger of losing significant business as general contactors typically will not hire sub-contractors […]

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 and by analyzing loss run reports and Workers’ Compensation premium audit sheets discovered […]

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 the Experience Modification Factor, current reserves, OSHA logs, and safety committee minutes. He […]

INSURED A company, with 15 employees, reports $2 million in sales and is one of several businesses owned by various members of the same family.   SITUATION The employer’s Experience Modification jumped, for no obvious reason, from 0.99 to 1.27. The insured decided it was time to re-evaluate the company’s Work Comp policy.   ASSESSMENT […]