POST FALLS, Idaho–(BUSINESS WIRE)–Command Center, Inc. (OTCBB: CCNI), a national provider of on-demand and temporary staffing solutions, announced it has contracted with Zurich American Insurance Company, a subsidiary of Zurich Financial Services Ltd, to provide Command with its workers’ compensation coverage nationwide. Zurich Financial Services Ltd is one of the world’s largest top-rated insurance carriers, operating globally in more than 170 countries.
The company said that the new insurance program is a guaranteed cost policy with zero deductible. Command’s management is confident that the new program will “greatly limit its risk of employing thousands of individuals, while at the same time reduce its cash flow requirements for workers’ compensation insurance when compared with the company’s previous program.”
“This is a significant step forward in the development of our company into a top-notch risk management organization,” said Command’s Chief Financial Officer, Jeff R. Mitchell. “We continue to upgrade our workers’ compensation program to a higher level. With this guaranteed cost plan, we will not have to post collateral to fund future claims nor will we have any lingering tail liability.”
Mr. Mitchell added, “Controlling insurance costs without compromising safety is a major challenge for all labor and staffing companies. I’m thrilled that we have found a solution with an A+ rated company like Zurich that significantly lowers our risk, benefits our cash flow and increases the quality and scope of our insurance coverage.”