Another WorkersComp Results Program Success Story:
Central Massachusetts Temp-Staffing Company Mitigates Claims Activities and MOD Increases
The company was experiencing high insurance premiums due to an extremely high MOD in addition to seasonal cash flow issues and high workers’ comp audits.
It was determined that a high claims activity had driven the MOD up significantly over the course of two years. In addition, the insured had experienced workers’ compensation audits in back-to-back years that had doubled the premium year over year.
The team at Knight-Dik was able to mitigate claims activity with the use of local urgent care clinics and in addition reduce reserves on current claims by 15%. The Knight-Dik team was also able to implement a pay-as-you-go program.
Because of the efforts of Knight-Dik, the insured’s MOD increases and claims activity had slowed down. In addition, the pay-as-you-go program has enabled the insured to grow smoothly in payroll as well as be prepared ahead of time for audits to come.
Are you a business owner? At Knight-Dik Insurance, we’ll work with you to design coverage that protects your business from a variety of risks, unique to you. For a free insurance premium analysis, simply fill out the form or call 800-286-6353.