A SECURE, EFFICIENT, FAST PROCESS TO OBTAIN REFUNDS & REDUCE FUTURE PREMIUMSPROGRAM HIGHLIGHTS - Corrects Claim Data, Payroll Classifications, and State Tax Charges Used to Calculate Policy Premiums
- Fast Turnaround - Process is Completed in About 90 Days
- Risk-Free Performance-Based Fees
- No Disruption to Existing Relationships or Coverage
- Client Paperwork Takes About 15 Minutes
QUALIFICATIONS - Client's Annual Workers' Comp Premium is $150,000 or more
- Experience Modification Rating Factor has Increased
- Operations Have Expanded into New States
- Recently Left a Workers' Compensation Trust, Employee Leasing Relationship, or Self-Insured Fund
- Changes in the Ownership of the Business and/or Changes to the Business Operation
- Excessive Claims Activity
- Mergers Within the Last Three Years
BENEFITS - In Most Cases, Workers' Comp Audits Help Clients:
- Secure Premium Refunds
- Reduce Future Premiums
- All Services are Contingency Based - NO FEES Unless We Secure a Refund
- Minimally Invasive Process - 10 Minutes for Client to Complete Paperwork
- No Risk Involved - Process has NO Detrimental Effect with Carriers
- All Work Handled by 'Best in Class' Risk Professionals
PHASE 1 Preparation & Documentation - Provide Authorization to Obtain Information Necessary to Complete the Audit
- The Authorization Does Not Affect Client's Existing Coverage or Broker Relationship
- Client Provides Information on the Current Policy along with any Deductibles, Dividend Plan, or Retrospective Adjustments
PHASE 2 Review Policy Rating Data - Review Claim Data Directly with the Insurance Carriers
- Review Rating Classifications and Other Data Used to Calculate Premiums Directly with the Insurance Carriers
- Submit Adjustments to National Rating Organizations
PHASE 3 Apply for Refunds & Adjustments for Future Policy Terms - Revised Experience Modification Information and Rating Data is Submitted to the Carriers
- Final Refunds and Adjustments are Calculated
PHASE 4 Refunds & Final Adjustments Issued - Refunds are Issued
- Fee Is Based Only on the Amount Received
- Future Policies will Reflect the Corrected Data and Premiums will be Reduced
- No Fee for Future Savings
WORKER'S COMP SAMPLE CLIENT RESULTS | INDUSTRY | RESULTS | | HEALTHCARE | NURSING HOME & ASSISTED LIVING CENTERS
Client Operates 60 facilities in 9 states.
Workers' Comp Premium Refund:
$500,000. | | HOSPITALITY | HOTEL MANAGEMENT COMPANY
Client thought they had the appropriate safeguards in place and mods were correct.
Workers' Comp Premium Refund:
$300,000. | | INVESTIGATION SERVICES | SECURITY COMPANY
Client retained us to find out if they were overpaying for workers' compensation.
Workers' Comp Premium Refund:
$148,000. | | COMMERCIAL SERVICES | ELEVATOR REPAIR COMPANY
Client retained us to find out if their experience mods and premiums were correct.
Workers' Comp Premium Refund:
$147,000. | | HEALTHCARE | REHABILITATION CENTER
Workers' comp premiums were increasing and client needed to reduce costs.
Workers' Comp Premium Refund:
$135,000. | | MEDICAL | AMBULANCE/EMS COMPANY
Client is always concerned that their mods are correct, our audit lowered them.
Workers' Comp Premium Refund:
$124,000. | | TRANSPORTATION | FOOD DISTRIBUTOR
Client curious about costs, our audit reduced premiums and generated a refund.
Workers' Comp Premium Refund:
$106,000. | | MANUFACTURING | DAIRY PLANT
Client retained us to find out if they were overpaying for workers' compensation.
Workers' Comp Premium Refund:
$65,000. | | WHOLESALE-RETAIL | FRUIT & VEGETABLE WHOLESALER
Client wanted to conduct audit to see if they were overpaying their broker.
Workers' Comp Premium Refund:
$54,000. | | CONSTRUCTION | CEMENT COMPANY
Unhappy with their prior broker the client requested an experience mod review.
Workers' Comp Premium Refund:
$32,000. | | TRANSPORTATION | SCHOOL BUS COMPANY
Client retained us to find out if their experience mods and premiums were correct.
Workers' Comp Premium Refund:
$30,000. | | EDUCATION | SCHOOL DISTRICT
Looking to reduce operating costs, we conducted an experience mod review.
Workers' Comp Premium Refund:
$28,000. | |