Another WorkersComp Results Program Success Story:

Boston-Area Catering Company Enjoys 23% Decrease of Overall Annualized Premium for All Lines

Situation

A large catering company in the Boston-area with 28 employees and revenues of $6.5 million was experiencing high frequency on workers’ compensation claims less than $300. The company was also facing extremely high premiums on all other lines of insurance.

Assessment

It was determined that the frequency in small claims activity had resulted in a 28% increase in workers’ comp premium before the Knight-Dik team met with the insured. It was also determined that high premiums on the other lines of insurance were a result of misleading data as well as the lack of a cohesive insurance program.

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Solution

The Knight-Dik team and the client implemented the use of urgent care in order to mitigate small claims activity for cuts and bruises. In addition, the Knight-Dik team was able to identify a catering specialty program for all lines.

Result

Because of these efforts and more, small claims activity has ceased and the insured’s overall annualized premium for all lines was decreased by 23%.