Ready? Here are the top four which make up 37% of the total workers’ compensation market in California.
- State Compensation Fund
American Home Assurance – AIG
Zurich
Zenith
YOU BETTER KEEP READING –
Are you insured with any of these carriers? Chances are at least some of you reading this are insured with these carriers. They are all large, somewhat reputable, carriers but did you know NONE of these are usually the most competitive? At least one of them has superior service. Do you know which one that is? These are the carriers that have the most market share. That means 37% of businesses in California are insured with these carriers, over a third of California businesses.
The top three most competitive carriers only insure a total of 3.7% of the market. Do you think you are insured with one of those? Chances are that you are not. Do you know who they are?
Statistics are great because they support what we tell our clients all the time – we can save you money 98% of the time. We get prospective clients all the time asking us how we know we can save them money without knowing much about their business. It is because we have been in business for twelve years and we just simply do. We could not offer our service with a zero cost factor if we could not perform. The other reason and probably more important is that we save companies money because of statistics such as these, finding the 3.7% that have found the hot market is hard and rare, even if we do – there is still money on the table – we just can’t save them 50% but perhaps it is just 10%. The rest of the businesses that are not aware of the availability of savings are jeopardizing their companies’ assets by over spending. You do not have to spend more to get more. You do not usually even have to change agents or carriers. But, you do have to be open to the possibility that there is something better out there.
Here is another kicker for you. This is just workers’ compensation. Which is usually a heated discussion for most business owners, most pay more attention to this line of insurance – the property and liability insurance is a whole other issue where most businesses are over paying by even more. You just don’t know it. It pays to be knowledgeable.
Workers’ compensation rates are expected to go up in July, do you know where the hot markets will be then.
Now, let’s have some fun – take the poll below – is everyone reading this in the 3.7% somewhere in between or in the 37% group? If you email me directly I will tell you if you are with the top 4 most competitive carriers.
2007 statistics from the CDOI
Do you think you have found the most competitive workers comp carrier?(online surveys)
