Premium Recovery
Open the door to lowering your worker’s compensation
We perform a forensic audit of your worker’s compensation program. We detect and correct the profit leaks resulting in premium being refunded to you.
As a licensed Agency that specializes in Risk Management, we pride ourselves in knowing every aspect of workers’ compensation.
We have performed audits with various carriers and consistently find mistakes which result in a refund to our clients. The Florida Statute allows insured’s to receive premium refunds if mistakes are found in the current and three prior years policies. The average recovery is between $15,000 to $40,000 (depending on your annual premium size). We will educate you on how to effectively manage your worker’s compensation for years to come.
Common Mistakes
There are approximately six to twelve mistakes found in every worker’s compensation policy.
Incorrect Experience Modifications
Incorrect Classifications
Incorrect Dividend and Retro Calculations
Incorrect Claims and Subrogation Filings
Program Design That Does Not Match Historical Losses