Jumping Workers’ Compensation Underwriting Hurdles

Jumping Workers’ Compensation Underwriting Hurdles

Summary:

The Workers’ Compensation (WC) insurance race can be long, bumpy and expensive. The typical staffing submission is declined by more than 50% of insurance carriers. As WC is commonly the second largest expense for a staffing firm, it’s imperative to compellingly position your business to obtain competitive quotes. Join Tricom Funding and Assurance for our February Industry Insider webinar series as Assurance Principal Kurt Murray and Vice President Kerri Quigley explain why the staffing industry is so difficult to underwrite, what underwriters are looking for and how you can improve your operational profile to better present your business to them.

Understand which characteristics of your business impact your workers’ compensation options, such as state and class code mix
Learn how underwriters interpret your claims results
Review critical risk management practices, such as employee & client selection, safety training and return-to-work programs
Explore methods to improve your likelihood of receiving competitive quotes

By the end of this session, you’ll learn how to position your Staffing Firm to clear the Workers’ Compensation underwriting hurdles.

About the Presenters:

Kurt Murray is a Principal at Assurance who focuses on mid-sized companies in the staffing industry. With over 20 years of experience, his primary client responsibility is to provide cost-effective solutions and develop insurance programs that are individualized to a company’s specific needs. He deems it necessary to fully understand a client and their specific needs in order to properly develop their risk management program. Through this approach, Kurt generates valuable personal relationships with his clients to secure their trust.

Kerri Quigley is a Vice President who specializes in the staffing industry. With over eight years of insurance experience, Kerri has solidified her expertise in providing in-depth coverage analysis, including the reconstruction of staffing industry products with Philadelphia, AIG, CNA and Hanover Insurance. Her extensive knowledge of the industry is further augmented through various speaking and teaching opportunities, including white papers and webinars on staffing liability exposures. Kerri also presented a General Liability webinar for Assurance University and teaches CPCU and class code classes.

About Assurance:

Assurance is among the largest and most awarded independent insurance brokerages in the U.S. A “Top 50” broker and repeated national “Best Place to Work” winner, Assurance creates value by minimizing risk and maximizing health for 6,000 businesses and individuals across the country. The company is headquartered in Schaumburg, IL with centralized office locations in Chicago, IL and St. Louis, MO. Visit Assurance at www.assuranceagency.com.

About Tricom Funding:

As a financial solutions provider to the staffing and consulting industry, it is our philosophy to be an active member in the staffing industry by staying abreast of the ever-changing market place. For that reason, Tricom was pleased to launch the Industry Insider webinar series designed to share our expert knowledge and resources with our fellow staffing industry colleagues. One of our core values is to build relationships and become a leading resource to staffing and consulting firms nationwide.

 

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