• Our experience indicates nine (9) out of every ten (10) employers are currently overpaying on their Workers' Compensation premiums
• We know where and how to obtain premium information not disclosed to policyholders
• Inherent conflict between agent's role to reduce premium costs and commissions received
   

Problem Signs

How can you determine if something is wrong? Following are a few of the indicators that we look for:

• The auditor assigned the wages for some of your employees to the highest rated classification even though they have multiple duties

• You are not receiving credits for which you are eligible because you do not know about them

• The experience modification and policy date are not the same

• Numerous changes and endorsements to payrolls and classifications

• The audit is conducted with very few questions and the prepared information is not reviewed

• No one can tell you why the classifications were changed

• After the audit classifications are either added or omitted from the audit

• The audit worksheet is not provided at time of audit

• Your experience modification has been increasing during the policy period

• Your policy was cancelled because of an audit or classification dispute

• You have trouble receiving loss/claims information from the insurance company

• Your classifications have been changed, resulting in increased costs

• Discounts promised in proposals not applied on audit statements

• Charges were made for uninsured subcontractors or owner-operators

Contractor's Problem Signs

• You are a contractor involved in several types of work

• Your general liability policy is "composite rated" on payroll

• Your policy was cancelled or rewritten with a different effective date

• Your classification includes the words "all employees"

• Your are an executive officer of the corporation and your wages were assigned to a high rated classification

• You are a contractor involved in a Wrap-up construction project

• Your policy was endorsed mid-term to increase your premium

Industries

On average our clientele has a Workers' Compensation premium of $300,000. Although many range between $50,000 and $750,000. Rating plans below $50,000 do no avail themselves of reasonable cost savings.

Many of our potential clients follow good claims management practices but not on a formal basis. They do the best they can to avoid accidents and when an accident occurs they report it timely. Medical assistance in the form of Doctor's and Physical Therapists are not withheld. Most of the time a return to work policy is available to the employee. However, even with these claims management procedures they are missing the opportunities to reduce their premium and obtain return premiums. A review of their experience modification data sheet and prior year audits are the steps missing in their course of action.