By Ben MillerReporterStatewide Fireproof Door Co.'s troubles began with some advice that backfired. In November 2012, Statewide's insurance broker recommended to the company's president that the company reclassify its employees to save about 27% on its workers' compensation premiums. So the owners put in a request to the New York Compensation Insurance Rating Board for a change.The board came back with a different classification − but one that was about four times more expensive than what Statewide Fireproof had started out with. Darrel Caneiro, Statewide's president,...
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