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A.M. Best Upgrades Credit Rating

December 7, 2017

A.M. Best Upgrades Credit RatingLion Insurance Company, a workers' compensation provider, through its affiliate SouthEast Personnel Leasing, Inc. has had their financial rating upgraded.

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Don't Let Your X-Mod Dictate Your Bottom Line

February 22, 2017 | By Ralph Mencia, President, Pride Risk Solutions, Inc.

Don't Let Your X-Mod Dictate Your Bottom LinePride Risk’s program can help high-risk workers’ comp clients control their experience modifier and total program costs. Our partnership with SouthEast Personnel Leasing, Inc. (SPLI) and their commitment to managing claims has provided our clients with an affordable solution that has yielded long-term financial benefits.

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Do More Than Find Coverage – Find A True Partner

January 25, 2017

Do More Than Find Coverage – Find A True PartnerPride Risk provides a workers’ compensation program for organizations with few to no options in obtaining coverage. Most organizations we serve were not aware of our existence.

Many consider us a last resort. Companies often rely on Pride Risk as their only hope for securing affordable coverage, with rates that are 10 to 15 percent below those of the state fund.

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Why Pride Risk’s Workers’ Comp Program Has an 86% Retention Rate

October 21, 2016

Why Pride Risk’s Workers’ Comp Program Has an 86% Retention RatePride Risk’s high retention rate speaks to the value delivered by our high-risk workers’ compensation program. Clients typically enter the program in search of short-term savings, such as a lower premium or a reduced deposit to bind coverage.

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How to Identify Clients Who Would Benefit from the High-Risk Workers’ Compensation Program

September 22, 2016

How to Identify Clients Who Would Benefit from the High-Risk Workers’ Compensation ProgramNot all workers’ compensation accounts are created equal and the characteristics of every risk are different. Some have challenges that can create unique situations, which make it difficult to obtain coverage. You probably have submissions on your desk right now for which you are having trouble finding a home.

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Our Program Can Help High-Risk Workers’ Comp Clients Control Their Experience Modifier and Total Program Costs

August 25, 2016

Our Program Can Help High-Risk Workers’ Comp Clients Control Their Experience Modifier and Total Program CostsUnfortunately, insurance agents and brokers have few options to offer clients impacted by high experience modifiers. The State Fund offers last-resort coverage, but there’s no guarantee that this option will be affordable for your clients over the long term. Furthermore, the nature of the State Fund provides no incentive to keep rates low or engage with clients to reduce claims.

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How a Manufacturer Reduced its Skyrocketing Experience Modifier and Cut Total Workers’ Compensation Costs by 39%

July 21, 2016

How a Manufacturer Reduced its Skyrocketing Experience Modifier and Cut Total Workers’ Compensation Costs by 39%A company that manufactures hotel furnishings in California was on the brink of shutting down as a result of out-of-control workers’ compensation expenses. Here’s how the company was able to rein in costs and implement systematic loss control measures with a specialized high-risk workers’ comp program powered by Pride Risk Solutions.

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Are Your Commissions Protected? - Know Who You’re Doing Business With

July 6, 2016 | By Ralph Mencia, President, Pride Risk Solutions, Inc.

Are Your Commissions Protected? - Know Who You’re Doing Business WithStaying informed is definitely a key attribute of a seasoned agent. So, if you are reading this, then I am confident the preceding assertion describes you.

Every day it seems we are reading articles predicting the doom for some workers’ compensation carrier or PEO, whether self-inflicted or state mandated. Whatever the reason, these sorts of situations create stress for you and your client.

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When You See These Governing Codes, Think Pride Risk For Workers’ Comp

June 23, 2016

When You See These Governing Codes, Think Pride Risk For Workers’ CompOne of the most common questions we hear from agents interested in the high-hazard program is “what codes are the best fit?” Governing codes are only one of the factors that affect a company’s ability to find affordable workers’ compensation insurance—but they can have a critical impact on the cost of coverage.

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Workers’ Comp for High-Risk Clients: If You Can’t Provide It…

May 4, 2016 | By Kimberly Hayden, Marketing/Relationship Manager, Pride Risk Solutions, Inc.

Workers’ Comp for High-Risk Clients: If You Can’t Provide It…It can be an arduous task for Agents and Brokers to obtain an affordable workers’ compensation solution for businesses that have gaps in coverage are in high-risk industries and those with high experience modifiers. All to often in these cases, the State Insurance Fund is thought to be the only option and in others the insurer-of-last-resort offers a quote at a premium the client cant afford.

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How a Large Ambulatory Company Is Saving $800,000 on Workers’ Comp Coverage

Apr 19, 2016

How a Large Ambulatory Company Is Saving $800,000 on Workers’ Comp CoverageA large ambulatory company based in New York City had been operating at a loss for several years—exacerbating cash flow issues and causing a major obstacle when the time came to renew the company’s workers’ compensation policy. With 1,700 employees and total payroll of approximately $62 million, workers’ comp is a major expense for this client.

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Grow Your Business with a High Hazard Workers' Comp Program

Mar 17, 2016 | By Kimberly Hayden, Marketing/Relationship Manager, Pride Risk Solutions, Inc.

Grow Your Business with a High Hazard Workers' Comp ProgramPride Risk Solutions, Inc. (PRS) is a program/marketing management firm for SouthEast Personnel Leasing, Inc. (SPLI). SPLI is a Professional Employer Organization (PEO), founded in 1986 and headquartered in the Tampa Bay area. PRS is tasked with the marketing of SPLI’s high hazard workers’ compensation coverage program.

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The Trigger Alerts of Distressed Clients

Mar 08, 2016

The Trigger Alerts of Distressed ClientsThere are many reasons why workers’ compensation insurance can be difficult for insureds to obtain at any given time. This includes various macro-economic triggers, such as a tough investment market or catastrophic events that cause carriers to pull out of certain geographical areas. However, the most common trigger is the insured’s inability to obtain affordable workers’ comp coverage due to claims experience or being in a high-risk business segment.

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New Lines of Business Are Waiting

Feb 15, 2016

New Lines of Business Are WaitingIn today’s highly competitive insurance market, not being able to offer workers’ compensation coverage options aside from the State Compensation Insurance Fund is a major disadvantage for agents and brokers. For both incumbent agents looking to protect their existing client base and those looking to close new business, the lack of alternative options is a critical vulnerability. But it doesn’t have to be this way.

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The Importance of a financially sound workers' compensation Provider

Jan 29, 2016 | By Ralph Mencia, President / CEO, Pride Risk Solutions, Inc.

The Importance of a financially sound workers' compensation ProviderPride Risk Solutions, Inc. (PRS) is a program/marketing management firm for SouthEast Personnel Leasing, Inc. (SPLI). SPLI is a Professional Employer Organization (PEO), founded in 1986 and headquartered in the Tampa Bay area. PRS is tasked with the marketing of SPLI’s high hazard workers’ compensation coverage program.

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