In the crowded construction industry, competition for projects can be intense and even the slightest edge can make all the difference. When one of the top customers of a large contractor threatened to pull a sizable contract if the company couldn’t provide proof of workers’ compensation coverage with an “A-rated” carrier, it knew it was time for a change. The company had been getting by with the “C-rated paper” from its current professional employer organization’s (PEO) workers’ compensation carrier, but this wake-up call helped the owner realize that the bigger customers he was targetted mandated that an “A” rated or equivalent carrier provide coverage.
Not wanting to lose the contract, the company started looking for a new human resources outsourcing company that could help it meet its customers’ expectations. When the company first contacted G&A Partners, it challenged us to provide suitable workers’ compensation coverage at rates that were competitive with their current arrangement. The owner also wanted to know how quickly we could move.
Within just a few days, our team met with the leadership team to discuss the problem, gathered information to price our services and delivered a comprehensive proposal that addressed the company’s needs, and the company quickly hired G&A as its new HR and administrative services provider. We immediately issued Certificates of Insurance to all of their clients showing coverage with Texas Mutual, a carrier that easily met the rating requirement. The contractor soon had a number of people on the new job and it’s been business as usual ever since.
If workers’ comp costs are sapping your profits or your carrier is not “A-rated,” give G&A Partners a call at 1-866-927-6203.