The Liberty Company Insurance Brokers, one of the fastest-growing privately held brokerages in the US, has announced the launch of its National Complex Workers’ Compensation Practice Group.
The workers’ compensation group is the first in a series of specialized practice groups that will be launched throughout the year, Liberty said.
The group will be led by Kirk Aguilera, managing partner at Liberty. Aguilera has 30 years of industry experience and expertise in every aspect of the workers’ compensation space, Liberty said.
“With a keen focus on allocated expenses, payment processes, and the importance of cost containment in driving profits, I’m excited to leverage my skill set and learnings to continue to help clients manage their workers’ compensation programs more effectively and with greater results, ultimately driving bette business outcomes,” Aguilera said.
Aguilera and his team have developed a customized implementation work product that adapts to the unique requirements of each client, Liberty said. For example, their process resulted in a 785 claim closure rate in the year incurred. The product has also reduced clients’ pure loss rate by up to 35% in the first year, and the severity rate decreased by up to half the cost of previous years despite increased claim frequency.
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The workers’ compensation team also has deep experience in serving middle-market clients across an array of industries, including manufacturing, wholesale and distribution, security, healthcare, and restaurants and hospitality.
“As a company, Liberty is committed to innovation and providing the highest level of value to our clients,” said Bill Jonson, founder, chairman and CEO of Liberty. “With our expanded range of specialized services, we are well-equipped to meet our clients’ ever-evolving needs, positioning us for continued growth and success. We’re thrilled to continue delivering cutting-edge solutions that exceed our clients’ expectations and generate favorable results for their organization.”
The Liberty Company recently acquired New Jersey-based Goretti Nobre Insurance Services and The Mike Dyer Agency, a Tennessee-based insurance firm.
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