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Reduction in health insurance premiums
Raymac Surveys leveraged Avetta Marketplace to reduce insurance costs, centralise compliance documentation and enhance visibility across the Avetta network.
Raymac Surveys was finding it difficult to find the right insurance coverage for the company’s business activities. With its small staff, the company had limited ability to negotiate insurance rates, leading to high costs and poor documentation, which was often time consuming and complicated.
To find the right insurance to protect both its own business and its clients’ business, Raymac Surveys teamed up with Avetta. After registering with the Avetta Marketplace platform, the company saved 40% in premium costs for employee health insurance, as well as finding the right insurance coverage for current and future needs.
To protect its employees, business and customers, Raymac Surveys needed proper insurance coverage, especially because it was engaged in specialised and potentially dangerous jobs, such as surveying to locate underground utilities.
Before joining the Avetta supplier network, Raymac Surveys spent a significant amount of time searching for insurance companies that understood the needs of the surveying business. It was time consuming to secure one-off adjustments to liability amounts and obtain cost-effective professional indemnity insurance. Staff also spent time answering supplier questionnaires and providing insurance documentation to clients.
Raymac Surveys discovered Avetta when its longtime insurance company was acquired and the new parent company joined the Avetta Marketplace. By registering with Avetta, Raymac Surveys was eligible to take advantage of exclusive benefits found in the Avetta Marketplace.
Through Avetta’s partnerships with insurance providers, Raymac Surveys saw a significant reduction in its insurance premiums.
‘Lower healthcare premiums really free up the company’s cash flow, and it means a little more money in employee pay cheques. It’s also nice to have the supplier documentation tracking in Avetta. You enter your information once, and then all your clients have easy access to it.’
– Mark Erion, President, Raymac Surveys Ltd.
The company experienced a 40% saving on health insurance premiums.
All documentation can be uploaded once and made accessible to every client.
Prospective customers can easily view the company’s details, improving overall visibility.
Employees benefitted from exclusive offers on safety products and clothing.
Raymac Surveys’ membership of the Avetta supplier network gives prospective customers easy access to all of its information. Companies can quickly get a clear picture of what Raymac Surveys offers, without requiring them to fill in repetitive questionnaires. Avetta’s Marketplace also provides resources and discounts for suppliers, making it an indispensable tool for cost savings and compliance efficiency.
Raymac Surveys is a Calgary-based land surveying company specialising in seismic surveys and mapping for the oil, gas and potash industries.
Avetta empowers contractors by simplifying qualification processes and automating compliance tasks to improve safety outcomes with hiring clients.
