Worker's Compensation Insurance Review & Recovery
Process:
Review all aspects of your premium calculations, including but not limited to: Declaration Pages, Audit Billing Statements, Experience Rating Worksheet Calculations, Loss History Summaries, Auditors’ Worksheets, Premium Payments and Special Rating Plans for the last 5 years.
Provide you with a written report documenting the workers’ compensation
overcharges, provide the appropriate supporting documents to recover your
overcharges, and assist you in obtaining your workers’ compensation
refunds.
Workers’ Compensation Success Rate:
Our vast experience in the workers_ compensation premium arena indicates
that 75% of all employers have overpaid or are currently overpaying on
their workers' compensation premium costs. With over 700 different business
classifications, there may be opportunity for a lower rated classification
for your employees or operations. Rarely are classification codes challenged,
which allows for a significant opportunity for recovery.
In addition, many of our workers_ compensation refund recoveries are a
result of incorrectly calculated experience rating, which is rarely verified
by the agent or workers_ compensation insurance carrier. In many cases,
discounts promised in proposals are not applied on the final audit billing
statements.
Our workers compensation auditors know where and how to obtain proprietary
workers_ compensation premium information and cost saving rating plans
which are not ordinarily disclosed to policyholders by the workers_ compensation
insurance carriers. Last but not least, there is an inherent conflict between
the agent or broker_s role to reduce premium costs and the commissions
earned on a workers_ compensation policy. Our services are available to
companies in all NCCI rated and independently rated states.
Company Type |
Refund Amount |
Staffing Company |
$75,000 + |
Meat Packing Facility |
$40,000 + |
Car Dealership |
$43,000 + |
Auto Glass Installer |
$23,000 + |
Construction Company |
$10,000 + |