FOLSOM, California., July 16, 2021 / PRNewswire / – Samuel Hale, LLC, a PEO specializing in controlling workers’ compensation claims costs for small and medium-sized businesses California companies, renewed its high deductible workers’ compensation insurance with Clear Spring on 1st of July. The policy includes a $ 500,000 deductible per claim, making Samuel Hale virtually self-insured.
“We have had an incredible two year partnership with Clear Spring, and we are excited for next year,” said Samuel Hale, CEO Michael DiManno. “Clear Spring and Third Party Administrator, CCMSI have embraced our ADR program and helped oil the Samuel Hale machine, which has grown over 300% since our relationship began. Three years of insurance is a long time. for a PEO or a recruitment company with the same insurance company in California. We are deeply grateful for our relationship with them, ”he added.
Samuel Hale attributes his impressive loss ratio to alternative dispute resolution (ADR). Samuel Hale is one of a short list of employers approved under the California DWC’s Carveout, which allows them to use ADR instead of the Workers’ Compensation Appeals Board (WCAB) to settle disputes. ADR allows complaints to be closed quickly without getting caught up in the paperwork and delays associated with WCAB. Insurers and employers don’t waste money on excessive medical expenses and delays and employees get their claims faster, so it’s a win-win. Samuel Hale shares cost savings with his clients through a PEO agreement.
Samuel Hale is currently managing the risks of approximately 1,000 construction sites in California. “Our typical client has a high ex-mod due to excessive fraud and litigation in their claims,” said Georges Hagosian, head of underwriting.
Samuel Hale’s continued use of a high-deductible insurance strategy stands in stark contrast to the recent announcement from publicly traded Barret Business Systems that they are reducing their risk appetite and moving towards insurance policies. first dollar insurance.
“Many PEOs that operate in California have struggled to maintain the stability of their workers’ compensation insurance programs, forcing them to sell or fire clients. Without retaining risk, especially in a soft market, employer insurance rates may increase, ”said Bret Fair, CEO of 360 Risk Partners.
“After five years of outstanding results, we can confidently say that ADR is working. We are managing incredibly difficult risks and we have never charged our customers a rate increase since the day we opened our doors.” , added DiManno.
About Samuel Hale
SAMUEL HALE, LLC helps protect California businesses from the unpredictable and high cost of employment due to fraud and litigation in workers’ compensation claims. Established in 2016, the company is dedicated to eliminating fraud and unnecessary litigation in workers’ compensation claims and reducing clients’ workers’ compensation insurance premiums. Visit https://www.samuelhale.com/ for more information.
SOURCE Samuel Hale