Superior Staffing Achieves 82 Percent Reduction in Loss Rate
Schaumburg, Ill. (August 21, 2018) – Assurance is pleased to recognize Superior Staffing as a Minimizing Risk, Maximizing Health (MRMH) Award recipient. Superior Staffing is a leading light industrial staffing services firm in the Chicagoland area.
The MRMH Award is open to all Assurance clients that work alongside the Top 50 U.S. insurance brokerage to achieve quantifiable results in minimizing workplace risk and maximizing the health and wellbeing of employees. Clients must meet certain criteria to qualify, including a large quantifiable reduction or improvement in a variety of key areas.
Superior Staffing wanted a risk management strategy that would improve their loss rate and reduce workers’ compensation costs. They worked with Assurance to utilize benchmarking, implement a comprehensive large deductible insurance program and hire a full-time internal Risk Manager. The team at Superior kept a strong focus on safety and claims management, reviewing claims by customer and staying up-to-date on industry trends.
Over a 6-year period, Superior Staffing reduced their loss rate by 82%, improved their EMR by 32%, experienced a 48% decrease in workers’ compensation costs and a 57% reduction in insurance expense, while more than doubling the size of their company during the same period. Having greater control over claims has allowed Superior Staffing to steadily grow, while expanding their margins and bottom line profits.
“Superior Staffing had significant improvement in their workers’ compensation results. It’s an outstanding accomplishment to grow at Superior Staffing’s rate and maintain loss results, let alone to nearly cut the cost of their insurance expense in half, as Superior Staffing has done. This proves Superior Staffing’s commitment to their Risk Management program and to their employees by providing safe work environments,” said Rachael Rodakowski, Account Executive at Assurance.
“In 2012, we had a need for a strategic insurance broker and turned to Assurance. Partnering with Assurance has proven to be a great decision as they have increased our profitability and lowered our costs,” said Heriberto Vale, President at Superior Staffing.
Assurance recognized Superior Staffing’s achievements at a MRMH Award presentation on Tuesday, August 14 at the client’s headquarters in Elmhurst, Illinois.
Read the full Superior Staffing case study here.
About Superior Staffing
At Superior Staffing, we’re not afraid to say that we outperform the competition. There are plenty of staffing agencies that can find temporary or permanent employees. However, can those agencies prove that they build lasting, reciprocal relationships with their clients that adapt to changes in their clients’ businesses? Our team has been an active participant in the conversations our clients have for planning and for growth, and that has translated into long and rewarding partnerships. Visit Superior Staffing at https://www.superior-staffing.com/
Assurance is among the largest and most awarded independent insurance brokerages in the U.S. A “Top 50” broker and repeated national “Best Place to Work” winner, Assurance creates value by minimizing risk and maximizing health for 6,000 businesses and individuals across the country. Visit Assurance at www.assuranceagency.com.