Assurance recognized Superior Staffing as a Minimizing Risk, Maximizing Health Award recipient.
Superior Staffing is a light industrial staffing services firm with several offices, including Elmhurst, Mount Prospect and Addison.
The MRMH Award is open to all Assurance clients that work alongside the insurance brokerage to achieve quantifiable results in minimizing workplace risk and maximizing the health and well-being of employees. Clients must meet certain criteria to qualify, including a large quantifiable reduction or improvement in a variety of key areas.
Superior Staffing wanted a risk management strategy that would improve its loss rate and reduce workers' compensation costs.
Over a 6-year period, Superior Staffing reduced their loss rate by 82 percent, improved their EMR by 32 percent, experienced a 48 percent decrease in workers' compensation costs and a 57 percent reduction in insurance expense, while more than doubling the size of their company during the same period. Having greater control over claims has allowed Superior Staffing to steadily grow, while expanding their margins and bottom line profits.
"Superior Staffing had significant improvement in their workers' compensation results. It's an outstanding accomplishment to grow at Superior Staffing's rate and maintain loss results, let alone to nearly cut the cost of their insurance expense in half, as Superior Staffing has done," said Rachael Rodakowski, account executive at Assurance.
"In 2012, we had a need for a strategic insurance broker and turned to Assurance. Partnering with Assurance has proven to be a great decision as they have increased our profitability and lowered our costs," said Heriberto Vale, president at Superior Staffing.