A client experienced great difficulty securing a carrier to insure its workers’ compensation exposure. In this case, the impediment wasn’t poor loss experience but, the type of business — Staffing — a difficult class of business that most carriers elect not to write. What was needed was an unconventional approach to problem solving.
SilverStone Group’s Staffing Team reviewed the client’s situation and recommended consideration of a captive program for this exposure. The client agreed and a captive program was custom-designed to fit the organization’s needs.
As a result of our collaboration, this client gained greater control of its own destiny and greatly improved overall loss experience. For the past five years, the client has benefited from a 50% reduction in overall workers’ compensation cost and has realized dramatic savings of millions of dollars, when compared with traditional workers’ compensation approaches.