CASE STUDY 1 – COMMERCIAL INSURANCE – MECHANICAL CONTRACTOR

THE INCIDENT

After careful review of two open workers’ compensation claims, it was determined both were without merit, enabling a reduction of the reserves to zero and a closure of the claims. This had a direct effect on the experience modification causing it to be reduced by 20%.

THE RESULT

Saved the commercial insurance client over $25,000 in workers’ compensation premium.

CASE STUDY 2 – EMPLOYEE BENEFITS – PROSPECTIVE CLIENT

THE INCIDENT

A manufacturing client was facing yet another year of double digit increases on their health insurance premium. Kapnick designed an alternate benefit program that maintained the level of quality coverage and provided access to the hospitals and physicians the employees were using.

THE RESULT

Annual savings of $80,000 from current costs, and $240,000 from the original renewal costs.

CASE STUDY 3 – RISK MANAGEMENT – PROSPECTIVE CLIENT

THE INCIDENT 

After a routine building inspection, a prospective client experienced a $20,000 increase in their premium during the course of the policy term. Kapnick reviewed the survey, and found the rates had increased due to a few minor technicalities that were easily corrected.

THE RESULT

After reinspection, the prospective client’s property rates were reduced. The cost went from $20,000 of additional premium, to saving the client over $7,500.