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Welcome to Coverage Corner, Hourly's monthly newsletter to help you stay ahead in today's competitive market.
Today you’ll find Hourly’s monthly roundup highlighting: our new partnership with Nationwide, how a painter dodged an $81K workers’ comp audit bill, and a few words from one of your own.
Let's dive in.
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HOT OFF THE PRESS
We're teaming up with Nationwide
We're partnering with Nationwide to launch our new program in 12 states, including Alabama, Colorado, Florida, Georgia, Illinois, Missouri, Nevada, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas!
Hourly will serve as a Managing General Agency (MGA) to underwrite skilled trade businesses with mobile and hourly workers. We’ll use our revolutionary technology to collect millions of data points in real-time to price and re-price policies. This means your clients can say goodbye to workers’ comp premiums based on year-old data — and those nasty audit bill surprises.
This is a great opportunity for you to write even more businesses, like construction, landscaping, painting companies, artisan contractors, agriculture, and transportation, among others.
Want to see our new appetite? Reach out to your Regional Manager!
How a 50+ person painting company dodged an $81K workers’ comp audit bill
R&R Specialties Painting grew rapidly from its early days — when it was just owners Roy and Rita Gonzales — to a company with 50+ employees. To support all that exciting growth, Roy and Rita turned to Hourly to seamlessly connect their payroll with their workers’ comp policy. “Our recent workers' comp policy estimate was $54,042. But business boomed in 2022, ballooning our payroll as we hired new employees to meet demand,” Roy said.
At the end of the year, R&R Specialties’ actual workers’ comp premium was $134,857 — almost 2.5x more than initially estimated.
The discrepancy between the estimated and actual premiums means they would have gotten hit with an $80,815 audit bill. Yikes!
Their final workers’ comp audit bill, with Hourly? $237.
Hourly’s pay-as-you-go workers' compensation can calculate your workers' comp premium with unparalleled accuracy. We use real-time data so you never overpay and your premium audit is a breeze!
"The accounts I’ve written with Hourly, were solely won because of either a killer work comp rate, the integrated payroll solution, or both. The packaged approach is really seamless and powerful — it works well for clients needing payroll services.
“The entire Hourly team has been so helpful to me and my clients — from payroll demos to service — I really can’t say enough good things about my experience working with Hourly.”