Success Stories

Case Studies

These success stories are a testament to how the Insurica Insurance Management Network can serve the insurance management needs of a diverse spectrum of industries and client needs.

• New Construction Company Gains Better Understanding of Bonding Process

  Surety and Construction

  The owner of a new construction company contacted us for bonding guidance and assistance.

• Extensive Tornado Damage Claim Handled Quickly and Efficiently

  Personal Insurance

  Our clients sustained extensive tornado damage to their property, which was insured by a top-notch carrier. Their claim was reported within fifteen minutes of the loss.

• New Policy Provides Retired Widow Better Coverage and Lower Premiums

  Personal Insurance

  After being referred by her son, our client, a retired widow on a fixed income, requested a quote. At the time, her combined home and auto rate totaled more than $2,800 per year.

• Huge Potential Loss Prevented by Close Contract Review

  Energy

  Reviewing contracts for insurance requirements is invaluable to contractors close to bidding on a job, or a client about to sign a lease agreement or to any oil and gas account. While the construction industry has some consistency in their contracts, other industries, such as oil and gas, lack standardized contracts. And even those that are generally standardized, such as day-work contracts, are susceptible to minor modifications, which can create enormous gaps in coverage. The addition of an obscure sentence not even found in the insurance requirements section limited an operator’s liability for our insured’s oil rig to $1 million. And the rig, which was valued at more than $13 million, was left with a coverage gap of more than $12 million.

• New Group Health Plan Significantly Reduces Employee Turnover

  Tribal Government

  Our client is a tribal government that has predominantly employed their own tribal members and depended upon IHS to provide health services to their colleagues. As their enterprise entities continued to expand and diversify, so did their non-tribal workforce. As their non-tribal workforce grew, they learned they would soon face catastrophic problems with turnover and downtime due to continuous training. To alleviate the issue, the Tribe sought assistance from several brokers; because of a lack of claims amongst the 350 employees, however, they were unable to obtain a competitive proposal.