WHY I CHOOSE CARDINAL:
I’m a Realtor in Traverse City. Many times I have clients who move to the area and it’s always easy to refer Cardinal Insurance. They do a great job looking for the best fit for each client. I’ve recommended them to friends & family members as well, they’ve always been attentive, responsive and competitive in their pricing. They did such a good job for others that I let them take a look at my insurance needs (thought they couldn’t beat what I had in place). Turns out I now have better coverage with a less expensive price tag; you can’t ask for more then that!
Debra J. Hall, client since 2011
WHY I CHOOSE CARDINAL:
"The professionals at Cardinal Insurance in Traverse City Michigan are just that - professionals. They remember my name, they get back to me so quickly, and they get back to me with answers. Beyond being affordable insurance, these people care. The customer service is outstanding and they have taken the time to build a relationship with me and my family and they have my trust. That is rare these days. Cardinal insurance will be my Agency for years to come."
-Kathleen Johnson 2022
Michigan Workers Comp Insurance:
Cardinal Insurance Group understands that workers’ compensation is not a one-size-fits-all solution. We offer a variety of customized insurance options to meet the needs of our clients. Explore our comprehensive solutions for the best coverage that fits your business needs.
Workers Comp Insurance Options
- Guaranteed Costs Option: Most businesses are insured in the guaranteed cost market, with a fixed rate applied at the start of the twelve-month policy term. After a payroll audit at the end of the term, the final premium is determined. This option offers various billing choices such as zero premium down, monthly installments, and pay-as-you-go.
- Private Employer Organization (PEO) Option: Designed to reduce stress for business owners, this option typically includes workers’ compensation, payroll servicing, HR representation, and health insurance. By packaging payroll services, it eliminates the standard audit process and offers the option to take on risk (deductible) for lower costs and improved cash flow. Ideal for high-risk industries such as staffing, construction, agriculture, trucking, and manufacturing.
- Self-Insured Options: This option avoids the fluctuations caused by experience modification (ExMod) ratings and can provide significant savings. Cardinal Insurance Group offers an exclusive self-insured program for workers’ comp premiums over $100,000 in industries like construction, agriculture, farm, livestock, restaurant, and home health care.
- Captives: Suitable for industries with premiums of $2 million or more, this option provides greater control over rates, tax savings, flexibility in financing, and benefit structures.
Additional Services and Solutions
- Class Code Review: With over 1,000 workers’ compensation class codes, ensuring the correct code is assigned to your operation is crucial to avoid costly misclassifications. Our team ensures the accurate classification for your business.
- Loss Control: We emphasize the importance of a safe workplace. Our services help clients implement measures to mitigate claims, prevent incidents, and avoid fraud.
- Claims Management: Managing workers’ compensation claims is vital. Cardinal Insurance Group offers comprehensive claims management services, including reserve reviews, administrative closures, and coordination of modified work with employers.
- ExMod Review, Restoration, and Forecasting: The experience modification number (ExMod) significantly impacts workers’ compensation costs. We review ExMods for accuracy, provide future publications for planning, identify premium refunds, and offer options to mitigate negative ExMods.
Why Choose Cardinal Insurance Group?
At Cardinal Insurance Group, we continuously conduct market research to ensure we offer the best workers’ compensation insurance options and solutions for our clients. If you have high ExMods, high premiums, or feel your current agent isn’t meeting your needs, contact us for the best available options.