Trucking and Transportation Successes
Strategic Comp can help put your trucking and transportation accounts in the fast lane to success.
Prior to coming to Strategic Comp, a first-year trucking account's loss rate was almost 5%. Seven months into their first policy year, they had $0 in losses, painting a clear picture that workers' comp is a controllable expense. Our program can go the distance for accounts like these and more!
Shipping and Logistics
A shipping and logistics company has seen an 82% decrease in their loss rate* since controlling their work comp costs with Strategic Comp.
Fuel Hauler
A fuel hauler operating in multiple states has the potential to save 60% with a 10% risk on the upside of their $1M guaranteed cost premium.
Multi-State Trucker
A multi-state trucker we wrote had no upside protection, a significant amount of stacking collateral, a debit mod and lost-time claims three times our benchmark. We were able to offer a very aggressive aggregate offering the protection they were missing at a competitive price with a much lower LOC requirement.
Transportation Service
With a prior loss rate hovering around 15%, one insured now benefits from a 0.80% loss rate*! In just two years, this customer now averages four lost-time claims per year, compared to the 15 they previously averaged. In addition, our medical cost containment resulted in a 79% reduction of billed charges.
Logistics and Transport
This insured was already a great performing operation with low losses and a very good safety program. However, due to the rates for transportation risks, they were paying a high premium for workers' comp. Our financial structure allowed them to benefit from their practices by only paying for the losses they do have, not the ones they might have.
*Loss rate defined as total incurred losses to operational payroll per $100. Operational payroll does not include clerical, executive officers and sales.
Strategic Comp can help your trucking customers for the long haul.
Contact your local Marketing Account Executive today to learn more.