tag:blogger.com,1999:blog-53353050499750249272024-03-13T00:39:53.237-04:00American Staffing Assurance CompanyJim Farberhttp://www.blogger.com/profile/03911415195159200081noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-5335305049975024927.post-51187226270702750042012-02-21T21:53:00.003-05:002012-02-22T13:22:40.954-05:00One Way Prospects Make My Day FunYou always hear people talking about how work should be fun and how you should make sure you enjoy your work, because as we all know, we are all spending more and more time at it. For me, I know every day will be fun because at least once a day, I will receive a call from a prospect - and note that these folks will remain prospects because I don't ever want them as clients - and they will utter my most favorite line. I wonder if they even realize what they are saying, but I doubt they do and I doubt they really care. In any event, they crack me up and make my job rather entertaining. What is it, exactly, that they say? Well it goes something like this: "Hi, Jim. Listen, I don't know anything about insurance and I don't care to, but let me tell you what we're going to do..." Really? Do you really think I am going to follow your lead after you make it abundantly clear to the world that you have no idea what you're doing? And what's up with a pre-determined team: "what WE are going to do?" I don't think so. I'm not doing ANYTHING with you. But as I say, this is the part of the day I love the most. Even though no money ever comes from these folks, the joy they bring inspires me to do the work that does lead to financial reward.<div><br /></div><div>Fortunately, I have so many great clients who call to collaborate, not negotiate. Clients who know that I believe that nobody wins until everybody wins and that only through trust and aligned interests will they ever achieve their corporate goals. And those are the partnerships that make it really fun over the long haul, with plenty of laughs along the way. So let me tell you what you should do. Keep those calls coming. Either way, I know it's going to be fun.</div>Jim Farberhttp://www.blogger.com/profile/03911415195159200081noreply@blogger.com0tag:blogger.com,1999:blog-5335305049975024927.post-6958304765993928022011-10-20T06:46:00.001-04:002011-10-20T06:51:11.026-04:00Why Employment Practices Liability Insurance Costs So Much<div>See final sentence in Oct 19, 2011, blog entry below.</div>Jim Farberhttp://www.blogger.com/profile/03911415195159200081noreply@blogger.com0tag:blogger.com,1999:blog-5335305049975024927.post-41483612593932730492011-10-19T15:17:00.001-04:002011-10-19T15:19:30.018-04:00<span style="font-family:lucida grande;"><strong><span style="font-size:130%;">Why Workers' Compensation Costs So Much<br /></span></strong></span><br /><br /><div align="justify"><span style="font-family:lucida grande;">Here is a real claim reported to us today which explains exactly why Workers’ Compensation costs so much. An employee of one of our policy holders wanted to show his co-workers how high he can jump so he jumped up, caught his nose on a hook and ripped his nostril. True fact. No exaggeration. And then you wonder. He will get all his medical bills paid and a healthy, lost time disability payment. If he does not have a job when he gets back from medical leave he will probably sue for wrongful termination, claiming the employer was retaliating for him subjecting the employer to such a ridiculous claim. Oh, and he will probably win his Wrongful Termination suit.</span></div>Jim Farberhttp://www.blogger.com/profile/03911415195159200081noreply@blogger.com0tag:blogger.com,1999:blog-5335305049975024927.post-91154573719443860082011-01-30T20:29:00.001-05:002011-01-30T20:32:09.121-05:00<span class="Apple-style-span" style="font-family: arial, sans-serif; font-size: small; line-height: 15px; "><em style="font-weight: bold; font-style: normal; ">INCA Holdings</em> is on Twitter. Sign up for Twitter to follow <em style="font-weight: bold; font-style: normal; ">INCA Holdings </em>(<em style="font-weight: bold; font-style: normal; ">incaholdings</em>) and get our latest updates.</span><div><span class="Apple-style-span" style="font-family: arial, sans-serif; font-size: small; line-height: 15px; "><span class="f" style="color: rgb(118, 118, 118); "><cite style="color: rgb(14, 119, 74); font-style: normal; "><br /></cite></span></span></div><div><span class="Apple-style-span" style="font-family: arial, sans-serif; font-size: small; line-height: 15px; "><span class="f" style="color: rgb(118, 118, 118); "><cite style="color: rgb(14, 119, 74); font-style: normal; ">twitter.com/<b>incaholdings</b></cite></span></span></div><div><span class="Apple-style-span" style="font-family: arial, sans-serif; font-size: small; line-height: 15px; "><span class="f" style="color: rgb(118, 118, 118); "><cite style="color: rgb(14, 119, 74); font-style: normal; "><b><br /></b></cite></span></span></div>Jim Farberhttp://www.blogger.com/profile/03911415195159200081noreply@blogger.com1tag:blogger.com,1999:blog-5335305049975024927.post-6940278633556521992011-01-07T17:25:00.000-05:002011-01-07T17:26:04.655-05:00<p class="MsoNormal"><b style="mso-bidi-font-weight:normal"><span style="font-size:12.0pt;font-family:"Book Antiqua","serif";color:black">THE NEW ACORD CERTIFICATES – FRIEND OR FOE TO STAFFING FIRMS???<o:p></o:p></span></b></p> <p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua","serif"; color:black"><o:p> </o:p></span></p> <p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua","serif"; color:black">The recent, radical changes to the standard ACORD Certificates actually creates a great opportunity to strengthen existing business relationships and also build new ones. The approach is very simple:<o:p></o:p></span></p> <p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua","serif"; color:black"><o:p> </o:p></span></p> <p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Book Antiqua","serif"; color:black">Communicate:</span></b><span style="font-size:12.0pt;font-family: "Book Antiqua","serif";color:black"> Contact your clients and prospects and let them know that you want to discuss a very important issue that is critical to your mutual success.<o:p></o:p></span></p> <p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua","serif"; color:black"><o:p> </o:p></span></p> <p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Book Antiqua","serif"; color:black">Educate:</span></b><span style="font-size:12.0pt;font-family:"Book Antiqua","serif"; color:black"> Provide your clients and prospects with a well thought out presentation that addresses the facts and speaks directly and specifically to making your business relationship the best it can be.<o:p></o:p></span></p> <p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua","serif"; color:black"><o:p> </o:p></span></p> <p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Book Antiqua","serif"; color:black">Demonstrate:</span></b><span style="font-size:12.0pt;font-family: "Book Antiqua","serif";color:black"> Show your clients and prospects the mutual benefits of addressing and understanding these issues.<o:p></o:p></span></p> <p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua","serif"; color:black"><o:p> </o:p></span></p> <p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Book Antiqua","serif"; color:black">Be Great:</span></b><span style="font-size:12.0pt;font-family: "Book Antiqua","serif";color:black"> Let your clients and prospects see, through your actions, that you are committed to making their partnership with you the greatest it can be.<o:p></o:p></span></p> <p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua","serif"; color:black"><o:p> </o:p></span></p> <p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua","serif"; color:black">Your ASAC Advocate can help you with this process in their never ending pursuit to facilitate your profitable growth through Enterprise Risk Management. For more information contact Michael A. Schultz at <a href="mailto:mas@asac-us.com">mas@asac-us.com</a>.<o:p></o:p></span></p>Jim Farberhttp://www.blogger.com/profile/03911415195159200081noreply@blogger.com0tag:blogger.com,1999:blog-5335305049975024927.post-62934640138991879532011-01-07T08:01:00.005-05:002011-01-07T08:37:09.882-05:00<span><div style="text-align: justify; "><p class="MsoNormal" style="text-align: justify; "><span class="Apple-style-span"><span class="Apple-style-span" style="line-height: 18px; "></span></span></p><p class="MsoNormal" style="text-align: justify; font-weight: 900; "><span class="Apple-style-span"><span class="apple-style-span"><b><span style="line-height: 115%; font-family: 'Book Antiqua', serif; color: black; "><span class="Apple-style-span">AMERICAN STAFFING ASSURANCE COMPANY ELECTS NEW PRESIDENT</span></span></b></span><span style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif"; color:black"><o:p></o:p></span></span></p><span class="Apple-style-span"> <p class="MsoNormal" style="text-align: justify; font-weight: 900; "><span class="Apple-style-span" style="font-weight: normal; "><span class="apple-style-span" style="font-weight: bold; "><span style="font-size: 12pt; line-height: 115%; font-family: 'Book Antiqua', serif; color: black; ">December 1, 2010</span></span><span class="apple-converted-space" style="font-weight: bold; "><span style="font-size:12.0pt;line-height:115%; font-family:"Book Antiqua","serif";color:black"> </span></span><span class="apple-style-span"><span style="font-size: 12pt; line-height: 115%; font-family: 'Book Antiqua', serif; color: black; "><b>- </b>The American Staffing Assurance Company (ASAC) Board of Directors unanimously approved the appointment of</span></span><span class="apple-converted-space"><span style="font-size: 12pt; line-height: 115%; font-family: 'Book Antiqua', serif; color: black; "> </span></span><span class="apple-style-span" style="font-weight: bold; "><span style="font-size:12.0pt;line-height:115%;font-family:"Book Antiqua","serif"; color:black">Michael A. Schultz</span></span><span class="apple-style-span"><span style="font-size: 12pt; line-height: 115%; font-family: 'Book Antiqua', serif; color: black; "> as President of ASAC. Michael will be responsible for overseeing the sales and marketing efforts of the company with an emphasis on new business development, and building the ASAC brand. Michael can be reached at</span></span><span class="apple-converted-space"><span style="font-size:12.0pt;line-height:115%; font-family:"Book Antiqua","serif";color:black"> </span></span><span class="apple-style-span"><span style="font-size: 12pt; line-height: 115%; font-family: 'Book Antiqua', serif; color: black; "><a href="mailto:mas@asac-us.com">mas@asac-us.com</a>.</span></span></span></p> <p class="MsoNormal" style="text-align: justify; "><span class="apple-style-span"><span style="font-size: 12pt; line-height: 115%; font-family: 'Book Antiqua', serif; color: black; ">The election of Michael as President will allow <b>Jim Farber, </b>Chairman of the Board and CEO, to dedicate greater efforts toward INCA Holdings, the parent company of ASAC. INCA Holdings creates and manages niche insurance companies, like ASAC, dedicated to the best risks within under-served and misunderstood industry sectors. More information on INCA Holdings can be obtained by contacting Jim at</span></span><span class="apple-converted-space"><span style="font-size:12.0pt;line-height:115%; font-family:"Book Antiqua","serif";color:black"> </span></span><span class="apple-style-span"><span style="font-size: 12pt; line-height: 115%; font-family: 'Book Antiqua', serif; color: black; "><a href="mailto:jcf@inca-us.com">jcf@inca-us.com</a>.</span></span><span style="font-size: 12pt; line-height: 115%; font-family: 'Book Antiqua', serif; color: black; font-weight: 900; "><o:p></o:p></span></p></span><p></p><p class="MsoNormal" style="text-align: justify; font-family: 'lucida grande'; font-size: large; font-weight: bold; "><b><span class="apple-style-span"><span style="font-size: 12pt; line-height: 115%; font-family: 'Book Antiqua', serif; color: black; "></span></span></b><span style="font-size: 12pt; line-height: 115%; font-family: 'Book Antiqua', serif; color: black; font-weight: 800; "><o:p></o:p></span></p></div></span>Jim Farberhttp://www.blogger.com/profile/03911415195159200081noreply@blogger.com0tag:blogger.com,1999:blog-5335305049975024927.post-81467344292909639412009-12-30T07:25:00.002-05:002009-12-30T08:37:24.545-05:00<span style="font-size:180%;">W</span>hen we address the topic of Employment Practices Liability with our Staffing Firm clients, we are often told, "that won't happen to me." <strong>Dominique Renaud</strong>, an authorized ASAC agent at <strong>Houston Business Insurance Agency, Inc.</strong> recently did some research on this topic and found that it can happen to anybody and everybody. So we again ask the questions, "Do you know your <strong>Ultimate Cost of Risk</strong> today and what are you doing to reduce your <strong>UCOR</strong> for tomorrow?"<br /><br />RELIGIOUS DISCRIMINATION: A former employee of a temporary agency sued her former employer, alleging that she was denied a promotion to manager because she was not a member of a particular religious group that predominated at the company. She claimed that a member of the religious group received the promotion even though the plaintiff had six years more experience and an MBA (unlike the woman who received the position). A jury awarded $647,174 in pain and suffering and $5,900,000 in punitive damages.<br /><br />NATIONAL ORIGIN DISCRIMINATION AND RETALIATION: The EEOC sued the temporary agency and its client because the client directed the agency to fire 13 employees because of their national origin and five other employees as retaliation for being friends with an employee who had threatened to file a complaint with the EEOC. The parties settled, with the client paying $456,000 and the temporary agency paying $144,000.<br /><br />SEX/RACE DISCRIMINATION: The EEOC sued a temporary staffing agency for unlawfully coding applicants by race and gender in compliance with its clients’ requests that only employees of a certain race or gender be submitted for consideration. The parties settled, with the defendant agreeing to pay $285,000 and three of its clients paying $50,000 in administrative costs.<br /><br />AGE/DISABILITY/NATIONAL ORIGIN/RACE/SEX DISCRIMINATION: The EEOC sued a temporary employment agency for allegedly engaging in the following discriminatory actions. First, that the agency complied with its clients’ requests not to refer applicants who were racial minorities or women. Second, that the agency screened out applicants with disabilities by forcing them to fill out a “medical questionnaire” requesting disclosure of such disabilities. Third, that the agency terminated an employee because of her pregnancy. Fourth, that the agency retaliated against an employee who questioned the company’s discriminatory policy against people with disabilities. Fifth, that the agency failed to refer older workers to its clients. After the EEOC sued the clients for making the discriminatory requests, the temporary agency settled for $500,000 and two of the clients of the temporary agency agreed to pay $80,000.<br /><br /><strong>Do you want to get a competitive edge in the Staffing Industry?</strong> Talk to an ASAC agent to see if you qualify for acceptance into a program that can generate new top line revenue for your firm while giving you the tools to significantly reduce your UCOR. In Texas, feel free to call Dominique Renaud of Houston Business Insurance Agency, Inc. at 713-979-1001. For other states, please call ASAC at 313-881-8069, and ask for the contact information in your state.Jim Farberhttp://www.blogger.com/profile/03911415195159200081noreply@blogger.com2tag:blogger.com,1999:blog-5335305049975024927.post-53554473375131545252009-09-19T07:51:00.004-04:002009-09-19T08:05:04.574-04:00<div align="justify"><strong>EXECUTIVE STRATEGIES, INC. APPOINTED APPROVED<br />CORRESPONDENT OF BROKERS AT LLOYD’S OF LONDON<br /></strong><br />FOR IMMEDIATE RELEASE<br />Contact: James C. Farber<br />(313) 881-8069<br /><br />GROSSE POINTE, MICHIGAN; September 14, 2009: James C. Farber, Founder and President of Executive Strategies, Inc. (ESI) announced today that ESI has been appointed an approved correspondent of Rattner Mackenzie Ltd., brokers at Lloyd’s of London.<br /><br />ESI, licensed in all 50 states and the District of Columbia, was formed in July 2000, as a specialty retail and wholesale insurance agency dedicated to creating custom insurance programs and executive liability products for underserved industries. In July 2008, ESI was named Program Administrator for the <strong>American Staffing Assurance Company</strong> program, underwritten by SPARTA Insurance Company.<br /><br />The appointment by Rattner Mackenzie further strengthens the position of ESI as a leader in Program Administration services for niche industries in need of innovative risk solutions, especially those confronted with complex executive liability exposures.<br /><br />For further information about ESI, please contact <a href="mailto:jimfarber@esi-us.com">jimfarber@esi-us.com</a>.<br /><br /><strong>About Executive Strategies, Inc.<span style="font-size:85%;"></strong></span><br /><span style="font-size:85%;"><span style="font-size:78%;"><br /></span></span>Executive Strategies, Inc. exists to be the optimal choice for our clients as their risk services provider. Our professional mission is to continuously reduce the ultimate cost of risk for our clients. We accomplish this utilizing a highly personalized service delivery system that seeks commitments to long-term, aligned interest partnerships that allow for the development of highly effective, continuous improvement based risk strategies. We maintain an unwavering commitment to honesty, integrity and the highest level of ethical behavior as we strive to be trusted advisors in risk to our clients.</div>Jim Farberhttp://www.blogger.com/profile/03911415195159200081noreply@blogger.com0tag:blogger.com,1999:blog-5335305049975024927.post-39682797601815619262009-06-22T11:28:00.002-04:002009-06-22T11:32:57.380-04:00A STAFFING COMPANY DILEMMA: THE “ACTION-OVER CLAIM”<div align="justify">Any staffing firm that does not know the bottom-line impact of an Action-Over Claim should rethink their relationship with their risk services provider.<br /><br />The American Staffing Assurance Company partners with staffing firms that want to be aware of issues like Action-Over Claims and strive to be the “Best of the Best.” The unique ASAC “Product Follows the Process” methodology allows ASAC and its Exclusive Agents to provide consultative services to staffing firms at the highest corporate level, facilitating sound business decisions that contemplate a comprehensive understanding of the “Ultimate Cost of Risk” associated with those decisions. Over time, this “Aligned Interests” partnership allows ASAC insureds to consistently reduce their ultimate cost of risk, in a never-ending quest to achieve the lowest ultimate cost of risk possible and, in turn, profitably grow their business. An understanding of Action-Over Claims is just one area in which we educate our clients and is the topic of this article.<br /><br />In every state, an injured worker’s “sole remedy” from their employer is through the Workers’ Compensation Act. Therefore, if a staffing firm’s employee is injured on the job, they are prohibited from suing their employer for damages because of the availability of Workers’ Compensation insurance. The Workers’ Compensation law does not, however, prohibit the injured worker from suing parties other than their employer. In many cases, the staffing firm’s client becomes the target of an injured worker’s suit. With the duty a staffing firm’s client has to maintain a safe working environment, under what is called the “Safe-Place-to-Work Doctrine,” the staffing firm’s injured employee can make an argument that the staffing firm’s client did not maintain a “safe place to work” and the employee was injured as a direct result of the unsafe work environment. This allows the injured worker to bring a suit against the staffing firm’s client and, frequently, these suits are for amounts well beyond the Workers’ Compensation payments made.<br /><br />Once this action takes place, we have not only a Workers’ Compensation claim with the employer, but also a claim against the staffing firm’s client for bodily injury arising out of the “Safe-Place-to-Work Doctrine.” Little does the staffing firm employer of the injured worker know, but this is soon to become a claim against the staffing firm’s Commercial General Liability Policy. This is only true, of course, if the contract contains language that allows this shifting of liability.<br /><br />Most staffing contracts contain an Indemnification and Hold Harmless provision stating that the staffing firm agrees to indemnify and hold their client harmless from claims arising out of the staffing firm’s work. In addition, staffing firms are often required to name their client as an Additional Insured under the staffing firm’s liability policies. By listing the staffing firm’s client as an additional insured, any legal actions against the staffing firm’s client for bodily injury are now covered under the staffing firm’s policy. Additionally, the Indemnification and Hold Harmless agreement obligates the staffing firm to be responsible for injuries arising out their work for their client.<br /><br />So, if the injury to the worker arose out of their employment with the staffing firm and as a result the employee sues the staffing firm’s client under the “safe place to work” theory, once the staffing firm’s client receives the lawsuit, they tender the defense of the suit back to the staffing firm. If the staffing firm has coverage for contractual liability assumed by contract, as they should, their liability carrier is obligated to defend the staffing firm’s client and pay a judgment, if one is issued. This is what we call an Action-Over Claim.<br /><br />Action-Over Claims are not new to the staffing industry. Fortunately, many staffing firms have not experienced this type of claim, but, those who have certainly realize the impact they can have on the bottom-line, especially in the scenario in which the staffing firm’s liability policy does not cover contractual liability assumed, and the staffing firm is left uninsured. In a perfect world, Workers’ Compensation would be enough for an injured worker. Unfortunately, we don’t live in a perfect world. The sad reality of these claims is that, despite the millions of dollars the attorney tells the injured worker they will receive, typically, the only one who prospers is the attorney. Once a judgment is rendered, and provided there is any award, the Workers’ Compensation carrier is first in line to be repaid for what they spent on the claim. Right behind them is the attorney, looking for their percentage. In the end, the injured worker often receives very little.<br /><br />It is very important if you are a staffing firm to know what coverage is being afforded under your liability policy, and, more importantly, what is not being provided. Additionally, consistent with the ASAC “Product follows the Process” methodology, it is also crucial for staffing firms and the clients of staffing firms to understand the impact of their contractual agreements.<br /><br />To learn more about this and other risk related issues facing the staffing industry, please feel free to contact:</div><br />James C. Farber, CIC, LIC<br />President<br /><strong>American Staffing Assurance Company<br /></strong>“Trusted Advisors to the Staffing Industry”<br />Office: (313) 881-8069<br />Mobile: (313) 550-8486<br /><br /><strong>About American Staffing Assurance Company:<br /></strong><span style="font-size:78%;"><br /></span>The American Staffing Assurance Company program exists to partner with staffing firms that strive to be the “Best of the Best.” The unique ASAC “Product Follows the Process” methodology allows ASAC and its Exclusive Agents to provide consultative services to staffing firms at the highest corporate level, facilitating sound business decisions that contemplate a comprehensive understanding of the “Ultimate Cost of Risk” associated with those decisions. Over time, this “Aligned Interests” partnership allows ASAC insureds to consistently reduce their ultimate cost of risk, in a never-ending quest to achieve the lowest ultimate cost of risk possible and, in turn, profitably grow their business.Jim Farberhttp://www.blogger.com/profile/03911415195159200081noreply@blogger.com0tag:blogger.com,1999:blog-5335305049975024927.post-25147786664587204972009-03-07T10:36:00.005-05:002009-03-07T10:48:23.030-05:00AMERICAN STAFFING ASSURANCE COMPANY CREATES THE ASAC CENTER FOR STAFFING EXCELLENCE (CSE)<div align="left"><strong></strong></div><div align="left"><strong>For Immediate Release<br /></strong><br />Contact: James C. Farber<br />(313) 881-8069<br /><br /><strong>Grosse Pointe, Michigan; March 5, 2009: </strong>James C. Farber, Chairman of the Board and CEO of the American Staffing Assurance Company (ASAC) announced the creation of the ASAC Center for Staffing Excellence (CSE). Located in Troy, Michigan the Center for Staffing Excellence will be devoted to educational courses and programs designed to serve the staffing industry throughout the United States and Canada. ASAC is committed to being the "trusted advisor" to the staffing industry. To this end, the center piece of the course offerings will be developmental sessions entitled “You as a Trusted Advisor.” These sessions, along with courses in Communication Skills, Listening Skills and Management Training will be available to agents and staffing companies who are certified by ASAC and dedicated to the principals of excellence which distinguish ASAC from its competitors. The CSE will offer courses in May, September and November during 2009.<br /><br />For further information about the Center or ASAC, contact <a href="mailto:staffexcel@asac-us.com">staffexcel@asac-us.com</a>.<br /><br /><strong>About American Staffing Assurance Company:</strong><br /><br />The American Staffing Assurance Company program exists to partner with staffing firms that strive to be the “Best of the Best.” The unique ASAC “Product Follows the Process” methodology allows ASAC and its Exclusive Agents to provide consultative services to staffing firms at the highest corporate level, facilitating sound business decisions that contemplate a comprehensive understanding of the “Ultimate Cost of Risk” associated with those decisions. Over time, this “Aligned Interests” partnership allows ASAC insureds to consistently reduce their ultimate cost of risk, in a never-ending quest to achieve the lowest ultimate cost of risk possible.<br /><br />-#####-</div>Jim Farberhttp://www.blogger.com/profile/03911415195159200081noreply@blogger.com0tag:blogger.com,1999:blog-5335305049975024927.post-88493985708057660232009-02-07T19:11:00.003-05:002009-02-08T12:52:20.967-05:00Do you ever sit up at night wondering:<br /><br />What is Staffing E&O?<br /><br />Why do I need Staffing E&O?<br /><br />Is there a difference between Staffing E&O and Professional Liability Insurance?<br /><br />Is it possible that the $10,000 policy I bought will exclude coverage when I have a claim because I bought the wrong type of policy?<br /><br /><br />If you are not sure of the answer to any of these questions, then you need to consider the American Staffing Assurance Company consultative methodology of addressing risk from a Board of Directors perspective. The American Staffing Assurance Company (ASAC) program is designed to educate staffing firms to reduce their ultimate cost of risk through a consultative approach in which “product follows the process.” The founders of the ASAC program in partnership with Executive Strategies, Inc. developed insurance policies with SPARTA Insurance Company to specifically address certain product needs of the staffing industry, tailoring coverage to staffing specific exposures. ASAC has also developed other products with additional insurers to address a variety of unique staffing exposures.<br /><br />In the specific case of E&O coverage, the product offered by the ASAC program to address the E&O exposure is underwritten by Hiscox, rated A, XV by AM Best. ASAC is able to bring their staffing specific knowledge to the Hiscox underwriters, who have significant capabilities in the E&O arena, but look to ASAC and ESI for their staffing expertise. Together, we have developed a program that allows us to customize on an individual account basis what we believe is the right product for the needs of a staffing firm at the best price the market will bear. ASAC has similar arrangements with underwriters of EPL, Crime including Theft of Clients Property and Fiduciary Liability.<br /><br /><br />ASAC strives to be “Best of the Best” and to do that we must partner with “Best of Class” providers and insure only “Best of Class” staffing firms. We are confident that through partnering with only properly licensed and highly rated carriers we will consistently deliver excellence to our clients. Additionally, by only insuring staffing firms committed to being “Best of Class” we will be a long-term solution for the staffing industry, and as anyone knows, the only worthwhile insurer is one that is dedicated to the long haul.<br /><br />To discuss this or any other risk related matters, please call ASAC President, Jim Farber, at (313) 881-8069. We look forward to hearing from you and appreciate the opportunity to be of service. We are here to serve and we aim to please.Jim Farberhttp://www.blogger.com/profile/03911415195159200081noreply@blogger.com1tag:blogger.com,1999:blog-5335305049975024927.post-11317962741825942912008-08-08T12:19:00.003-04:002009-02-09T12:08:06.142-05:00New Insurance Company for Staffing FirmsAmerican Staffing Assurance Company<br />1246 Berkshire Road<br />Grosse Pointe Park, MI 48230-1035<br /><br />AMERICAN STAFFING ASSURANCE COMPANY ANNOUNCES UNIQUE PROGRAM TO INSURE STAFFING FIRMS<br /><br />Contact: James C. Farber<br />(313) 881-8069<br />GROSSE POINTE PARK, MI, July 8, 2008: For years, the Staffing Industry has struggled to find insurers capable of providing the necessary liability protection and risk control services to help them lower costs and maximize their service to clients.<br />That’s about to change.<br />The American Staffing Assurance Company is the first insurance organization created solely to provide comprehensive insurance solutions for the Staffing Industry. Its wide-ranging Program now offers staffing firms a pro-active risk management strategy designed specifically by professionals with the creativity and considerable experience necessary to assist this underserved industry.<br />“Staffing firms have traditionally been treated poorly by the insurance industry,” says ASAC president James C. Farber. “With sound risk management, industry specific risk control services and people who know the business, we can help companies reduce their costs and increase profitability.”<br /><br />Because the ASAC Program is an all-lines offering, tailored specifically to the staffing industry and implemented by professionals with knowledge of firms’ unique needs, it can target and solve the problems faced by companies that have varied, multi-state risk exposures. It is underwritten by the SPARTA Insurance Company, which is licensed in 52 jurisdictions and rated A- (Excellent) by A.M. Best, thereby giving firms coverage wherever their contract employees may be working.<br />The ASAC Program offers more than just an insurance policy, and that brings added value to clients. Through its partnership with Risk Control Services (RCS), the Program provides a comprehensive approach to help staffing firms manage their risks by assessing current circumstances and recommending best-practice strategies that limit exposure and provide long-term cost savings. By heading off potential problems and correcting previous troubles, ASAC can help firms operate more safely, effectively and inexpensively. That’s an advantage no other company can offer the Staffing Industry.<br />"Because ASAC was formed specifically for the Staffing Industry, we understand its unique needs and can implement strategies which will help firms demonstrate a commitment to safe business practices,” says Bill Secinaro, Chief Marketing Officer for the ASAC Program. “That is attractive to staffing firms’ potential clients.”<br /><br />The ASAC Program is distributed through exclusive agents. These insurance professionals have considerable knowledge of the risk management needs and solutions for the Staffing Industry. Each agent’s vast experience allows him to fill the role of risk manager for a firm and provide ongoing support and service that anticipates and meets future needs.<br />That industry-specific service is the hallmark of ASAC’s approach and is born out of years of experience. In 1997, Farber developed a comprehensive (Property, Casualty, Workers Compensation) program for the National Technical Services Association that broke new ground and allowed technical staffing companies to reduce their liability and bolster their bottom lines.<br />“Our experience in this industry allows us to provide services which no one else can,” Farber says. “And because we know the unique challenges faced by staffing firms, and have made a long-term commitment to the industry, we can anticipate the needs of our clients and provide cost-effective solutions that will keep them clear of significant problems and allow them to work better with their clients to solidify long-term business relationships.”<br />American Staffing Assurance Company provides Staffing Firms with the education, tools and risk transfer solutions necessary to consistently realize their lowest ultimate cost of risk.<br /><br />-#####-<br />SPARTA INSURANCE HOLDINGS<br /><br />SPARTA Insurance Holdings, Inc. (SPARTA) was formed in March, 2007 to develop an underwriting company specializing in unbundled Alternative Risk Transfer ("ART") and Specialty programs for the commercial property and casualty insurance market in the United States.<br />In August 2007, SPARTA received regulatory approval from the Massachusetts Insurance Division to acquire a 52 jurisdiction licensed insurance company shell that it renamed SPARTA Insurance Company. Upon approval of the acquisition, SPARTA Insurance Company received an A-(Excellent) rating from A.M. Best.<br />Sparta Insurance Company has $255 million of statutory surplus, an A.M. Best financial size category IX.<br />SPARTA is an acronym for Specialty Program and Risk Transfer Alternatives. SPARTA's vision is to be the premier provider of customized unbundled program solutions. All insurance coverages are issued through SPARTA Insurance Company on a fully admitted basis.<br />The company operates in two niche property and casualty insurance segments:<br />Alternative Risk Transfer Programs ("ART") providing program level risk sharing through captive reinsurance<br /><br />Specialty Insurance Programs ("Specialty") whereby the risk is fully retained by SPARTA<br />Programs typically average from $10 to $15 million in annual gross written premium and demonstrate a high degree of homogeneity by:<br />Industry Sector, or<br />Territory, or<br />Controlled Production Source<br />SPARTA's exclusive focus on and long term commitment to the unbundled program market, breadth of product offering along the continuum of risk sharing, unparalleled expertise, and leading edge technology have positioned SPARTA to become the carrier of choice in the ART and Specialty Program marketplace.<br />SPARTA is headquartered in Hartford, CT.<br /><br /><br />-####-<br /><br /><br /><br /><br />RISK CONTROL SERVICES<br /><br />RCS' operational consulting is based on a simple premise: when your product is people, control over workers compensation expenses translates directly into profitability. The mission of RCS is to help clients increase profitability by realizing effective control over what is one of a staffing firm's most significant costs after payroll.<br />Since its inception in 1990, 700+ staffing clients have enhanced profitability through RCS' Strategic Risk Management Consulting. The RCS staff, comprised of industry leading experts, provide consulting and field services in a multitude of staffing disciplines, as well as in other non-staffing related industries. RCS consultants boast credentials and field experience second to none, including: Certified Safety Professionals, Associates in Risk Management, etc..<br />Specific risk management training and programming is available to general industry and staffing sectors including: Healthcare, Professional & Technical, Hospitality, Drivers, Logistics, Engineering, Skilled Trades, Commercial, and Clerical. RCS programming provides the basis for nationally recognized certification programs.<br /><br />RCS provides the structure to understand a staffing firm's exposure to loss. RCS analyzes all aspects of a staffing firm's operations and quantifies opportunities for control. RCS benchmark systems offer insight into loss prevention, loss control, corporate infrastructure and risk financing strategies.<br />Effective risk management is more than corporate policy; it is corporate culture. RCS Services provides ongoing assistance implementing risk management methodologies. Through interactive training, third party monitoring, online technology, accentuating products and outsourced safety services, RCS provides solutions for the continued development of risk management culture.<br /><br /><br />-####-Jim Farberhttp://www.blogger.com/profile/03911415195159200081noreply@blogger.com2