Retail Trade Company
RJF Helps Retail Trade Company Reduce Loss Ratio With No Increase in Premium
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Our Client |
The client is a $40 million retail trade company with approximately 250 people.
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RJF's Results |
- New Safety Training Implemented
- Insurance coverage brokered with no increase in premium
- Improved communication and awareness
Details:
| Our Client’s Dilemma The client was canceled by their insurance carrier because their loss ratio became too high. While the client had been accustomed to buying coverage based on price, they realized they needed a risk management consultant who could make them more appealing to insurance carriers and protect their insurability. RJF’s Near-Term Solutions RJF’s Loss Control department conducted a detailed claims analysis on their losses. The client had never seen their claims nor had them analyzed. RJF used the results of the survey to implement new safety training and injury reduction programs. In addition, appropriate insurance coverage was brokered for the client with no increase in premium. RJF also improved communication and awareness within the company’s appointed safety staff, increasing its effectiveness. Other client benefits since partnering with RJF include:
RJF’s Continuing Service RJF regularly meets with employees through their Toolbox Talks to educate them on worker safety. It also provides a questions and answer discussion for additional training. RJF also continues to review client loss information using their computer-based loss analysis tools to suggest new areas for improvement and help develop new safety and wellness programs. |
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