Construction Successes
Success in the construction industry starts with a solid foundation, and Strategic Comp’s workers’ compensation program can help. Some of our successful construction accounts include:
HVAC Contractor
This insured was on a hot streak with acquisitions, and their premium was getting to the level where loss sensitive options made sense. Having written several accounts with us in the past, the agent immediately thought of Strategic Comp. In addition to workers' comp, the insured was also looking for a commercial auto solution. Offering our recently rolled out aggregate deductible auto program paired with our workers’ comp coverage created the perfect solution.
Street/Road Contractor
Our new insured had the policies and procedures in place for a successful safety program. They had done all the prep work needed and their workers’ compensation experience reflected the benefits. However, their premium did not. Our aggregate deductible program paved the way for them to see the rewards from their hard work and efforts. Their meeting with our Loss Prevention Specialist that would work with them to take their program to the next level cemented the deal.
Grading/Excavation Contractor
Experience mods can be a key factor when a contractor bids on a job. For this insured, they were seeing their mod escalating and needed a way level it out. We had other contracting risks with this agency, and they had seen the Grade A level of service our dedicated service teams provided. Our deductible structure provided up-front savings, resulting in the long-term benefit of a lower experience mod.
Petroleum Equipment Distributor/Installer
This insured was previously on a guaranteed cost program. The agent, unhappy with crude renewal pricing options from the previous carrier, came to Strategic Comp looking for a new structure. Although competing against a multiline quote where the commercial auto coverage was not the right fit for our program, we earned the insured’s workers’ comp business due to our high-touch service model and personalized support.
Carpenter
When the foundation of a workers’ comp program starts to show cracks, it may be time to look for another option. This insured was previously with a captive, and when a large member of the captive left, they were nervous about how their workers’ comp program would be affected. The broker and the insured were both well-informed about different workers’ comp structures and knew that Strategic Comp’s aggregate deductible program could be the right fit. We were able to frame a program that offered the stability and custom fit the insured needed.
Drywaller
When it comes to building a business, getting bigger can result in growing pains. As this insured continued to grow, being boxed into a guaranteed cost program structure started to lose its luster. With a strong safety culture and an executive leadership team focused on ensuring its success, the insured knew a Strategic Comp aggregate deductible program would be a good way to level up their workers’ comp program.
Ready to build your next construction success story?
Contact your Marketing Account Executive to learn more.