|
Who is looking out for your Workers' Comp
Premiums?
If
your company is paying over $50,000.00 in Workers’ Compensation premiums, we could be working on finding you
the same results as our clients (see Recent Results below). With a refund ratio of over 90%, can you afford not to be taking
advantage of this program? The end result of our program will provide your company with a much better underwriting profile
to enter their renewal process, and that is the minimum potential benefit.Our partner offers the benefits of 20 years of experience gained
from previous positions. In fact, they have refunded back to clients over $40 million!
What kinds of things do we
look for? Billing
erros and hidden changes looking back up to 4 years Incorrect pricing due to human error, program changes, expired contracts Changes in client's needs without corresponding
change to service plans Improper
use and charges of taxes
We
don't stop there... We
handle all of the vendor negotiations We provide you, the client with a plan for savings We continue to monitor your accounts and act as a watchdog for the length of the agreement to ensure
you continue to receive accurate and competitive pricing Regardless of refunds, credits or savings, we give you an easy to understand written report
80%
of companies are overpaying Workers' Comp Premiums. Over 90% of WC policies contain overcharges that can be refunded. We are contingency based - NO REFUND,
NO FEE to you.
Due to reserving, payroll classification and reporting errors that affect Workers' Compensation
insurance premiums, we have recovered millions of dollars in return premiums to clients. We do this by correcting these
errors and obtaining revisions on modification factors, retrospective rated plans, large deductible plans, loss-sensitive
dividend plans, earned premium audits, and loss-rated premiums. All aspects of premium charges are analyzed to produce premium
recovery. Our goal is to increase your bottom
line by decreasing your historical Workers' Compensation premium charges. We do this on a contingency basis, which makes
it a win-win situation for you: If there is no premium recovery, there is no cost to your company. THE PROBLEM - Whose job is it anyway? Workers' Compensation costs are a non-productive expense. Verifying the accuracy of the insurance
carrier's bill is a time-consuming task that requires field-specific expertise. The actual analysis involves processes
that are not generally available in the purchasing and administrative process at the insured's, the agents' or the
insurance carriers' facilities. Policy
Analysis - The Premium Recovery Process. We
will analyze your current and expired policies for overcharges emanating from the following areas: - Experience modification calculation errors
- Claim and reserving discrepancies
- Omission of mandated credits
- Accounting
and Billing Areas
- Loss Rate Analysis
- Reviewing experience factor and load charges
- Audit of Policy/Contract Performance
- Dividends, claim services, audit charges, factors
- Audit Claims Adjustment Charges, Allocated Loss Adjustment Expenses
- Challenge Loss Development, Premium Loads, Tax Multipliers
As one of the country's pioneers in Premium Recovery Audit Refunds, our Partner has over 24
years of professional experience and expertise to help you in recovering EVERY COMPENSATION DOLLAR YOU WERE OVERCHARGED.
We correct any errors and inequities
to rectify the situation in your favor, by focusing on the fact that Workers' Compensation hearing officers evaluate cases
differently, even arbitrarily. This is our greatest strength and our specialty. In most cases, we do not require involvement
on the part of your staff. All that is required is a formal authorization to access your Workers' Compensation files. |
Recent Results Multi-State Propane Dealer
Average
premium paid per year $4,500,000- 2 revisions a 1.12 to a 1.01 and a 1.15 to a .96 total return premium of $907,759.
PEO/Leasing
Co. Premium
paid $8,000,000. - Refund in excess of $800,000.00 credits not applied for-just beginning the claims review portion.
Construction Co. A client since 1998 paying premiums between
$300,000-$600,000. Has received various revisions with return premiums totaling over $275,000.
Our fees are contingent on refunding you money. Our
fees are based on a sliding scale:
First $65,000 refund 50%
(you keep 50%)
Next $35,000 refund [$100K] 40% (you
keep 60%)
Next $50,000 refund [$150K] 33% (you keep
67%)
$150,001 or more refund
30% (you keep 70%)
|
