Our Fees
Risk management fee's can be either on
a retainer basis or hourly depending on the engagement.
For expert witness work or special situations, we will work
on an hourly basis. This option is available for clients
involved in lawsuits, hearings, mediation, and other cases
where you are seeking our professional advice in auditing or
underwriting disputes.
However, we will work on a contingency fee basis which many
of our first time clients prefer. Our compensation is based
on the credits or refunds we develop for our clients. We
receive our fee only after you obtain your credit or refund.
There are no secret charges or additional costs. We don’t
get paid unless you receive your payment or credit.
Policy Information Needed
The following items are
needed for EACH POLICY YEAR to conduct a complete and
thorough review. Please provide as many items as you can
locate. The missing items will then be requested from your
agent or insurance carrier. The number of years to be
reviewed will depend on the information you can provide. We
ask that you do the best that you can.
Necessities:
-
Renewal billing statements
(indicating estimated payrolls, discounts, etc.)
-
Final audit billing
statements
-
Loss history summaries
(gross and net if available)
-
All audit worksheets
prepared by insurance company auditors
-
A brief description of
your business operations
If available:
-
Dividend proposals and
calculations (if applicable)
-
Ledger of premium payment
(a list of the amount paid and any amount received)
-
All proposals provided by
your insurance carrier prior to writing coverage
-
Copies of all
correspondence with your agent or insurance carrier
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