Worker’s Compensation Insurance
Cost Reduction & Recovery: Facts You Must Know

Worker’s Compensation Insurance Facts (you cannot afford to ignore)

• A recent “State of the Lines” report release indicates that Worker’s Compensation Insurance is the single largest insurance expense to US businesses.
• Research indicates that over 70% of US companies have overpaid their Worker’s Compensation Insurance premiums due to human or process error.
• Premium calculation is vastly complex with many factors in the calculation. There are over 30 different common areas that result in over charges.
• 600-800 different employee categorization codes serve as example of this complexity as this is only one area where frequent errors occur.
• It takes the trained eye of a specialist to know what to look for. A standard 40 hour audit from our experts would take the typical HR Manager hundreds of hours with the possibility of no results.

"recover over $43,000 of premium overcharges…"

“I would like to take the opportunity to thank for your excellent work in revising our 1998 workers' compensation premium audit. Due to your efforts, we were able to recover over $43,000 of premium overcharges that were due to Phil Long Ford, Inc.”

Risk Manager

"… thank you for recovering over $23,000"

“I wanted to take a moment and thank you for recovering over $23,000 on behalf of our company. I could not believe you were able to locate an adjustment that went undetected by both our agent and The Hartford Insurance Company”

We monitor our premium calculations closely and were amazed with your findings.

Controller, Elite Auto Glass, Inc.