Commercial Insurance Case Study: Contractor Saves $400k Over 3 Years

Who: A large commercial construction contractor.

What: They were experiencing steady rate increases on their commercial auto fleet because of claims activity. The national insurer was trying to get double-digit rate increases on their lines because of the “hardening property casualty market” despite very little claims activity.

Results: In 2018, SWIA decided to move the insurance program to a different insurer while also helping the client strengthen their commercial vehicle safety program. By being proactive, SWIA has saved this client approximately $400K over 3 years.