Workers Compensation Case Study.
Chenhall’s Staffing & HR Network is a full service staffing firm founded in 1950 and located in downtown Davenport, IA. They provide temporary and direct hire placements to companies throughout Iowa and Illinois in both light industrial and administrative positions. The current owner is Bob Hickman, an astute businessman that was a partner at one of America’s largest and most respected accounting and business consulting firms.
Upon receiving an audit bill requesting an almost six figure payment from his current workers compensation provider, Bob sought an insurance expert that was familiar with the staffing industry. He was referred to Trinite Corp. because they deal exclusively with insurance for staffing firms. During the initial consultation, it was obvious that there was potential for a number of small mistakes on the current audit that would lead to a dramatic reduction in the bill.
Trinite provided a quote for a flat fee audit review that included the recovery of all overcharges. During a three month process, Trinite negotiated client class code changes directly with the insurance company and was able to reduce the original audit bill by more than 50%. Bob saved more than 15 times the amount of the fee paid to Trinite.
During this process, Trinite discovered that Bob was paying higher rates on his workers compensation due to injuries at a client that he fired over a year before the current policy was in place. Trinite used this information to negotiate a rate decrease on a new policy that reduced their rates by 30%.
Trinite is now the exclusive provider for all of the business insurance needs for Chenhall’s Staffing. Trinite continues to provide Chenhall’s with expert advice and gives Bob the comfort of knowing that no insurance company will damage his company’s profitability.