The Workers Compensation Hard Market – Are You Prepared?

The Workers Compensation Hard Market – Are You Prepared?

Presented By:

Kurt Murray, Senior Vice President, Assurance Agency LTD.

Summary:

Increasing rates, diminishing insurance options and increased assumption of risk by staffing agencies all point to one thing—an insurance hard market. During the last hard market, workers compensation rates rose an average of 52%, causing bankruptcies and eroding margins in the industry. However, those companies that prepared were able to gain market share and increase their profits. This workshop will get you to that level, giving you the tools and knowledge you need to come out on top.

  • Learn the actions every staffing agency must take in order to prepare for increasing workers compensation rates.
  • Understand workers compensation program design options so that you can find the program that best fits your company’s risk profile and tolerance.
  • Gain knowledge of industry best practices and benchmarking tools to assist with self-evaluation.
  • Learn advanced Risk Management and Loss Mitigation techniques in order to minimize workers compensation claims.
     

About the Presenter:

Kurt Murray is Senior Vice President of Assurance Agency. Assurance Agency is a staffing industry insurance expert with staffing clients located in all 50 states. They received the “Torch Award for Marketplace Ethics” from the Better Business Bureau, and in 2010 was ranked 58th “Largest Insurance Broker of U.S. Business.”

About Assuarance Agency:

As a financial solutions provider to the staffing and consulting industry, it is our philosophy to be an active member in the staffing industry by staying abreast of the ever-changing market place. For that reason, Tricom was pleased to launch the Industry Insider webinar series designed to share our expert knowledge and resources with our fellow staffing industry colleagues. One of our core values is to build relationships and become a leading resource to staffing and consulting firms nationwide.

 

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