This month I had the pleasure of speaking to members of a large employers association in North Carolina. It was an eye opening experience.
Most agents I work with have a comfort zone of accounts with which they work. Many believe that employers that are larger and have more complex programs must be getting the right advice. My experience last week tells me that this is not always the case. This "comfort zone" is simply an artificial limitation.
I spoke with the CFO of a large regional demolition company with a $100,000 workers' compensation deductible. We were discussing her workers' comp classifications. Even from our short conversation, it was evident that many of her workers were misclassified, causing them to be paying more than they should. Who knows how many years this company has been overcharged.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
