INSURED - Located in Wisconsin, this auto repair business also does retail parts sales and auto dismantling. The company employs seven people. SITUATION - The Rating Board showed up unannounced to undertake a classification audit. The audit resulted in a re-classification of the business, moving the company into a higher risk bracket and potentially increasing its annual premiums. ASSESSMENT - CWCAs reviewed the new findings by the Rating Board and discovered that the company was reclassified from auto repair to auto dismantling, based on the Rating Board’s determination that the greatest revenue was derived from that line of service. Through…
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INSURED - This chain of full-service automobile dealerships employs more than 500 people divided into three work classes – dealer, auto salespeople and clerical. The company does more than $250 million in business. SITUATION - The frequency and severity of claims being incurred by the employer were staggering. It had experienced more than 100 claims for each of the previous three years. The costs of those claims averaged more than $700,000 per year and the most recent year they topped $900,000. These numbers had already driven up the employer’s Experience Mod to 1.3 – more than twice the minimum level…
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Insurance People of North Carolina is the largest insurer of Charter Schools in the Carolinas – there is a reason for that. Check out our webinar that showcases our process on how we help mitigate risks and improve their bottom line. Our agency values education and loves to help schools reach their true potential! Special thanks to the Charter School Business Network, Leaders Building Leaders, and the North Carolina Association for Public Charter Schools for hosting us!
North Carolina, South Carolina, and Virginia have already declared states of emergency as they anticipate the potential impacts from Hurricane Florence. Current computer models agree that the storm is heading for the Carolinas and could hit land as a Category 3 or Category 4 Hurricane (111+ mph winds). Many residents that have lived in the area for the past 20 years understand the detrimental powers a hurricane of this size can bring – Hurricanes Fran (1996) and Floyd (1999). Being ready for a natural disaster can save money, time, property, and lives. Here are 5 crucial tips on the best…
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Arguably one of the most regulated government agencies is the Occupational Safety and Health Administration, also known as OSHA. For a small business, trying to keep up with all of these regulations can be frustrating when trying to determine things like what should I record, who do I submit it to and what kind of business am I “classified” (according to them) as. (more…)
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In today’s busy world, everything is done instantly through cell phones. I don’t know about you, but I’ve gone as far as turning my car around halfway through my dreadful stop-and-go-traffic commute once I realized I didn’t have my phone. Even though I didn’t plan on using it for any specific purpose throughout the day, just knowing it was with me was all I needed. Legions of companies have capitalized on our cell phone obsessions by giving us games, social media, and other time wasters but some companies want to use this technology for the greater good. (more…)
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