How a $24M staffing service reclaimed $331,429 of profit
in just one year.
Eplica Reduces Client Employee Injuries and Workers' Compensation Costs
with Custom-Tailored Program
SUMMARY
A flexible Workers' compensation program allowed a middle market staffing company to reduce employee injuries and cut costs.
CLIENT PROFILE
Industry: Light Industrial Staffing
Annual Temp Payroll: $24 Million
Company Size: Fewer than 50 Employees
Market: Multistate, Western Region
PROBLEM: Workers' Compensation Costs
Guaranteed cost Workers' compensation plans can sometimes be the only choice for many staffing businesses. For a midsize staffing company working in the light industrial industry, a guaranteed cost program was the sensible option. However, rising workers' compensation costs became a problem for the client as jobsite injuries escalated while employees were on assignment. With the company's profit margin severely impacted, the staffing business turned to Eplica for flexibility in options.
SOLUTION: Flexible Workers' Compensation Options
Eplica worked closely with the client to identify the most economical options. Through Eplica Insurance Company, Inc., Eplica's staffing-specific captive insurance program, the client was able to participate in a lower cost, loss-sensitive program that would not typically be affordable for a company of that size in the light industrial market. Eplica additionally designed an incentive program for the client that gave direct savings for reduced employee injuries and accidents while on assignment. The program included Eplica's safety training for employees and more. In addition, the client was able to take advantage of the one program, multistate coverage that Eplica offers.
RESULTS
- Saved $331,429 in Workers' compensation costs within the first year.
- Employee injuries were reduced by 40 percent.
LEARN MORE
- Find out how Eplica Services can help your business today:
- Call 877.337.5422 or request a quote.
"This particular client had above-average employee injuries for a staffing company due to the nature of the light industrial sector. Our solution had to decrease up-front costs through an economical workers compensation plan and also put processes in place for safety on the job."
-Seth Stein
Eplica's Vice President of Business Development
Client Case Study 1
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