 |
 |
|
Success Story
Client: Inns of America
Business Issue
Inns of America was faced with a substantial premium increase for
their Workers Compensation renewal. Concerned that the arbitrary
price increases in their workers compensation did not reflect the
actual risk generated, the company assigned its broker to begin
researching alternative risk financing options.
The Solution
After evaluating the financial stability of Applied Underwriters®
and understanding the flexibility of Equity Comp, Inns of America
was intrigued by the customized solution Equity Comp would create
to reward the company for improving its loss results. Equity Comp
gave Inns of America the ability, through aggressive claims handling,
to share in the underwriting profits. In addition, the company truly
partnered with the owners of Inns of America to protect their interests.
The Result
By switching their workers compensation coverage to Equity CompT,
Inns of America was able to avoid the substantial premium increase
proposed by their former carrier. In addition, they now share in
the benefits of reducing and managing their risk exposure. Finally,
while financial motivations caused Inns of America to obtain its
coverage from Equity Comp, the personalized service from the company's
customer service department along with the simple billing and organized
account management process has merely re-confirmed the appropriateness
of their decision.
Additional Equity Comp success stories:
Royal Motor Sales
|
|
|
|