WHY CONDUCT A WORKERS COMPENSATION PREMIUM AUDIT?

Simply because you never know what we’ll find!  If your company spends over $50,000 a year in workers' compensation audits, you need the perspective of an unbiased, independent review.

Here is what you can expect from our review process:

• Refund of overpaid premiums from the past 7 years!

• Workers compensation expense reduction WITHOUT changing your broker or insurance provider!
• Non-intrusive audit process!  No site visit required!
• We do all the work including remote data collection!  Takes only a few minutes of the clients’ time!
• Very different than the annual audit performed by your insurance company, or State Board!
• Independent auditors with over 20 years of experience!  We work for you (not the insurance company or broker)!
• 70% success rate!
• Contingency based fee!  We only get paid if we successfully get you a refund; otherwise, our experts review your expense for FREE!

Since workers compensation can be a significant expense for small and mid-size businesses, here is a common theme we often encounter:

– Many businesses shop around for the lowest priced insurance policy every few years

–  Insurance provider sends out an auditor to conduct annual audits

– These payroll audits sometimes result in a refund

Therefore, business leaders often mistakenly assume they are getting the best possible rate on their workers' compensation audit, and fail to take any additional steps to further scrutinize this expense.  Our team of analysts has been auditing workers' compensation audits for over 20 years, and our vast experience indicates that approximately 70% of all employers have overpaid, or are currently overpaying on their workers’ compensation audit costs!

THE HIDDEN PROBLEM:

The system that determines your premiums is sophisticated and involves several stakeholders as well as rating bureaus, insurer underwriters, and insurance agents. as an example, once it involves establishing acceptable classifications with many distinctive business classifications, there's a big chance for a lower-rated classification as they're usually determined by insurer underwriters and rating bureaus, whereas agents have restricted management of the classifications applied.

The auditor that performs the associate degree null payroll audit is either a worker of the insurance carrier or is shrunken by the insurance carrier to conduct the payroll audit. additionally, several of our workers’ compensation audit premium recoveries ar a result of incorrectly calculated expertise ratings or the incorrect application of expertise ratings. typically times discounts at first indicated within the policy don't seem to be applied on the ultimate audits.

We are conversant in individual states' insurance statutes at the side of rating bureau rules and laws that have an effect on however your workers’ compensation audit premiums are computed.  Last however not least, there's associate degree inherent conflict between the agent or broker’s role to cut back premium prices, and also the commissions earned on a workers’ compensation audit policy.

OUR UNIQUE SERVICE:

We are not affiliated with any insurance company or broker.  So, you are getting a truly independent, unbiased review, and you don’t have to worry about us trying to up-sell you insurance!

Our expert analysts will meticulously dig into every detail of your workers' compensation audit premiums for the past 7 years.  So, you are not only lowering expenses going forward but getting a refund on past overcharges! We conduct our workers' compensation audits in a manner that hardly takes any time or effort on your part.  We do all the work behind the scenes, and you receive a refund check from your insurance provider!

We service businesses in all states, except for ND, OH, WA, and WY! Best of all, our service is based solely on a contingency fee basis, so you don’t pay a dime unless we get you your money back! Contact us today to receive a FREE assessment of your workers' compensation audit premiums!