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Success Story #1

A specialty food distributor with locations NYC, Washington, DC, San Francisco, Los Angeles, and Las Vegas servicing fine restaurants, hotels, caterers and gourmet stores around the country

Corporate Data

  • Sales – over $350,000,000
  • 400 Automobiles / Trucks
  • 500 Employees

1. Risk Management – Assisted in the review of their Fleet Safety Program. Work to implement procedures that were beneficial to their cost of claims in addition making them more attractive to quoting insurance carriers
2. Business Expansion – provided comprehensive reviews and integration plans for targeted acquisitions
3. Coverage Enhancement – Discussed business interruption in detail to develop not only the correct amount of coverage but verified the appropriate policy language was secured to pay for a business interruption loss
4. Savings for Corporate Insurance Program – $380,000 of Total Premium
5. Cost of Investment – $24,000 thus a ROI of 1583%

Success Story #2

Distributor of fresh food in a regional area with revenue around $45mm and 39 power units

  • 1st year there was over a 50% hard dollar premium savings
  • 2nd year the Loss Ratio for the carrier was 200% in claim payments thus we focused on minimizing any increase with an end result of 8% increase but still significantly less than the prior year. This was an excellent result given the sizable loss payment
  • In the same 2nd year we focus on the Workers Compensation policy – end results

1.Over a 36% hard dollar premium savings
2.Discovered current carrier was utilizing incorrect payroll thus client would have seen $10,000 of additional premium due as a result of audit
3.Reduced deductible from $10,000 (client was paying 100% of losses) down to $1,000 – recognized savings $25,000

Success Story #3

Wholesale distributor of automotive cooling systems & auto parts throughout NJ, NY, CT & PA – 17 locations

  • Added coverage enhancement for pollution upset and overturns
  • Auto Liability renewal savings in excess of $150,000
  • WC renewal savings in excess of $300,000
  • Assisted in review of Fleet Safety Manual
  • Program Savings $450,000 with ongoing risk management services

Success Story #4

Distributor of home furnishings owns the license rights to produce bed and bath products for Laura Ashley,Tommy Hilfiger, Nicole Miller, Echo, Michael Kors, Izzy, Manor Hill, Aura, Hiccups and Marimekko – they distribute their products to Macy’s, Bloomingdales, Bed Bath & Beyond and other notable retailers all over the world. Manufacturing relationships in Mexico, Asia and Southeast Asia and $200+ million revenue
  • Auto Liability renewal savings in excess of $220,000
  • WC renewal savings in excess of $175,000
  • Discussed and assisted with implementation of a web based driver safety program that resulting in reduction of incurred claims cost by 30%
  • Program Savings $395,000 with ongoing risk management services