Success Stories

Case Studies

Fast-Acting Plan Leads to Big Savings

The Situation

A large general contractor had been experiencing growing pains such as rising workers compensation claims, increasing insurance premiums and declining employee morale. Their biggest concern, however, was their experience modifier, which, for the first time in years, had exceeded 1.00, making them ineligible to bid on large, desirable projects.

The INSURICA Solution

At the General Contractor's request, INSURICA's loss control department developed a fast-acting plan that would have a long-lasting impact. Elements such as rewriting the company's safety and training procedures and implementing "Lunch and Learn" workshops, combined with new incentive plans for worksite safety and benchmarking, helped to ensure the plan's effectiveness.

The INSURICA Experience

With the implementation of the new plan, the general contractor began to experience a downward trend in claim frequency and severity. They saw an increase in employee morale, the return of the experience modifier to below 1.00 and an eventual savings of over $500,000 in expenses.