Nicholas Rayoum

Background

About Nicholas Rayoum

I help companies in the construction industry lower their insurance costs by: 1) Classification - I help my clients ensure that the proper classification is being used my client's type of business. Being incorrectly classified on workers' compensation or general liability policies have literally saved our clients ten of thousands of dollars in premium. 2) Experience Modification Evaluation - I also help my clients identify issues with their experience mod and then help them plan to correct any issues. This has literally saved one of my clients $100k on their workers' compensation premium alone. 3) Audits - we work with our clients to ensure that they are not being overcharged on their workers' compensation / general liability audits. Because it is my job to understand the classification of payroll.I assist my clients with audit preparation & completion ensuring that they are not overcharged. 4) Asking the right questions - because I work exclusively with companies in the construction industry I know what questions to ask to make sure that I am getting the best pricing /terms for my client. 5) Submissions to insurance carriers - we work with the leading insurance carriers in the construction industry. These insurance companies see hundreds of submission in a week.most of which are incomplete. Underwriters at these insurance companies offer the most competitive pricing to submissions that have all of the information that they are looking for. I work with my clients to gather all of the necessary information ensuring that they receive the best terms from our insurance carriers. 6) Re-negotiating - my team & I always go back to our insurance carriers after the initial quote proposals are received to ensure that our clients are receiving the best pricing terms. This has saved our clients as much as an additional 10-15% on their annual insurance premium.