Case Study: Repair One expands rapidly creating vehicle and driver risk

Overview

Our Client, Repair One, transformed a man-and-a-truck business into a fleet of vehicles and drivers. Through their aggressive growth, the company needed to implement risk management strategies, find a suitable insurance carrier to accommodate future growth, train drivers, check motor vehicle reports, and generally upgrade their policies and procedures.

Approach

The client turned to Puharic and Associates, Inc. We were able to place their property and casualty program in a carrier that would accept their rapid growth. We provided template policies for distracted driving, vehicle use, and educated the risk management personnel on the need for safe driver hiring practices.

Results

• For the first time in 4 years, the client was not canceled by the current insurer, and in- stead received a stable, low single digit renewal
• The client established a pay-as-you-go Workers Compensation policy that would free up cash flow and better track the weekly productivity of the
• The client established risk management procedures for the very first time, and created a culture of safety where growth-over-all was the previous

Conclusion

Rapid growth and expansion is not a linear change in the insurance profile. Carriers de- mand and expect risk management procedures in addition to premium dollars. Choosing an agency that serves as risk managers over insurance purchasers is a key to successful growth strategies.