As of and the Company was partially insured for automobile, general and worker's compensation liability with the following deductibles:

 

		Deductible
General liability		$	250,000
General liability (in the case of accident and driver has completed NationsBuilders Insurance Services driver training)		$	125,000
Automobile		$	100,000
Workers' compensation		$	250,000

 

We had accrued million and million, as of and , respectively, for claims incurred but reported and estimated losses reported, which is included in accrued expenses and other current liabilities in the accompanying consolidated balance sheets.

 

The Company offers employee health benefits via a partially self-insured medical benefit plan. Participant claims exceeding certain limits are covered by a stop-loss insurance policy. As of and , the Company had accrued million and million, respectively, for health claims incurred but reported based on historical claims amounts and average lag time. These accruals are included in accrued expenses and other current liabilities in the accompanying consolidated balance sheets. The Company contracts with a party administrator to process claims, remit benefits, etc. The party administrator requires the Company to maintain a bank account to facilitate the administration of claims. The account balance was million and million, as of and , respectively, and is included in cash and cash equivalents in the accompanying consolidated balance sheets.

 

 

The Company is currently involved in certain legal proceedings and other disputes with parties that have arisen in the ordinary course of business. Management believes that the outcomes of these matters will have a material impact on the Company’s financial statements and does believe that any amounts need to be recorded for contingent liabilities in the Company’s consolidated balance sheet.

 

 

The ABL Credit Agreement provides for up to million of standby letters of credit. As of , total outstanding letters of credit totaled million, the vast majority of which had been committed to the Company’s general liability insurance provider.