Case Studies

Connecting the wellness Dots!

Wednesday, April 28, 2010

Red Dot Corporation is a leading manufacturer of quality HVAC products for the heavy vehicle industry. Red Dot employs approximately 300 plus employees and was looking for a way to promote healthy lifestyles. The key objectives of their wellness program were to promote healthy eating choices, get employees moving/exercising in a meaningful manner and promoting awareness of their current quit smoking program.

The Solution

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A Shocking Claim - A Claim Scenario

Wednesday, March 03, 2010

Late one Friday afternoon, an employee of a sub-contractor was working on the roof of a construction project that was insured by Parker Smith & Feek through an Owner Controlled Insurance Program (OCIP.) The sub-contractor allowed a long armed piece of equipment to strike high voltage power lines, resulting in the worker sustaining first and second degree burns across his body.

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Hacked! - A Claim Scenario

Tuesday, September 15, 2009

A client’s computer system was ‘hacked’, by a group of unidentifiable individuals, illegally accessing their computer system to store data, which would be then used in other ‘hacking’ attacks.

As is common with hacking attacks, the usefulness of our client’s system diminished and the hackers disabled our clients’ entire computer infrastructure to remove any traceable information, causing multiple servers to shut down, disrupted their internet traffic and disabled their e-mai service.

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Two Claims, One Deductible - A Claim Scenario

Thursday, August 27, 2009

In December of 2006, windstorms slammed into Puget Sound and Southern British Columbia, producing hurricane-force wind gusts and heavy rainfall that caused several million dollars worth of damage and leaving over one million residences without power.

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In Imminent Danger Of Collapse - A Claims Scenario

Thursday, August 27, 2009

During a periodic inspection a client discovered some corrosion and deterioration in the pier located directly underneath their downtown Seattle premises. The corrosion was significant and caused a portion of the building to become untenable.

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Denied Indemnity

Friday, May 29, 2009

Overview

A client faced a lawsuit, filed by a former business partner. The partner was requesting a substantial settlement because he claimed that the Parker, Smith & Feek client raided the partner’s employees putting his business out of operation. The client tried to access the Directors and Officers (D & O) insurance coverage, but the insurance carrier declined because of breach of contract and denied indemnity.

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Pre-Condition Limits Life Insurance

Friday, May 29, 2009

Overview

A 67-year-old, business owner was unable to increase the value of his life insurance policies, as he had a serious illness. He had been turned down by many insurance companies because of the pre-condition. He was seeking increases for both his personal and business-owned life insurance.

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Developing an effective Workers' Compensation program.

Friday, May 29, 2009

Overview

One of the nation’s largest privately-held retirement and assisted living organizations had a goal of reducing workers’ compensation costs and work place injuries.

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Applying retroactively for a credit that has already been rejected by the insurance company

Friday, May 29, 2009

Parker, Smith & Feek identified an opportunity to bring immediate value to a local mechanical contractor's bottom line with our expertise in both construction and insurance. This client specializes in mechanical solutions for all types of projects included but not limited to; Mixed use, Institutional, Residential, Office and retail. 

The contractor had a desire to pursue a credit they had previously applied for, but been rejected by the insurance company.

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Simple Changes Bring Big Improvements - Workers Compensation

Friday, May 29, 2009

In 2001, a large consumer electronics manufacturer and distributor hired Parker, Smith & Feek as their insurance broker. As part of our initial engagement was a thorough review of this corporation’s workers’ compensation insurance program and their safety and risk prevention activities. We immediately noticed that their workers’ compensation Experience Modification factor was 54% higher that other consumer electronics manufacturers nationwide. Employee absenteeism due to injuries also seemed abnormally high.

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Costly Insurance Determined Unnecessary

Friday, May 29, 2009

One of Washington State’s largest general contractors decided to compete in the bidding for a large dam project in California. As we typically do, Parker, Smith & Feek was asked to review the project specifications and bid documentation to determine the insurance requirements for the project.

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