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Work Comp Audit
Insurance Companies design their workers
compensation audit process for premium
maximization. This equals mistakes that cause you to be
overcharged.
Insurance auditors:
* usually not well trained in
laws and rules
* Have no interest in
educating client
* Tries to put all payroll in
highest rated class code
* May or may not ask for
"excluded" remuneration
* Searches general ledger for
uninsured subcontractors
* May decide to change some
classifications
Common mistakes:
All employees eligible for
standard class exemptions are not deducted from the highest cost
code
Exempted or excess
corporate officers' payroll is included
Overtime pay not adjusted
Other "excluded
remuneration" included
Charge for uninsured
contractors
misclassifications
Results =
Client Overcharged on work comp premium
How we help:
We help you build a work comp audit package before the auditor arrives.
The auditor is busy, just like you are. Most of the time
the auditor will take your packet, ask a couple questions and
leave. If your audit packet is well prepared and organized
the auditor usually will leave things as you have them.
Request a
workers compensation quote.
or call 678-481-4397
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Drug Free Workplace
We can help you qualify and apply for the
Drug Free Workplace Credit.
Receive a
7.5% credit off your workers compensation
premium. You can receive the discount for up to 8 years.
The application fee is
only $25. We can
also help with setting up and establishing the policies and
procedures.
Request a
workers compensation quote.
or call 678-481-4397
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| WorkComp Options is
dedicated to finding the best pricing for your workers
compensation and also bringing you the best quality
services to help reduce your work comp premium.
Click
Here to request a
workers compensation quote by completing our online
questionnaire
or call 678-481-4397
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Experience
MOD
Many Experience
Mods are wrong, almost all are mismanaged. NCCI
collects and analyzes over 4 million unit stat cards,
over 3 million policies and process data from nearly
1,000 insurance companies.
How we help:
Check MOD for mistakes and work with client to get money
back for any errors
Run yearly MOD
analysis showing you how your MOD is affecting your
premium
Show you your
minimum MOD. (Should be your goal, the lowest your MOD
can go)
Compare your losses by policy
period
Show you how each claim effects
your MOD and how much those claims cost you out of
pocket over the 3 year period.
Request a
workers compensation quote.
or call 678-481-4397
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Back on the Job Program
We will help you implement a Back on the Job Program
for your company.
Review and help with the selection of physicians to
treat your employees. Help with setting up a "Safe
Room" or other alternative work program
Request a
workers compensation quote.
or call 678-481-4397
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Claims Review
We perform periodic claims reviews
to look for the following:
Over reserving - large reserves
can have a drastically negative impact on your
experience MOD.
Claims that are closed are often
left as open on loss runs and when reported to NCCI.
Injury reporting delays
Ensure that Claim dollars on loss
runs match claims applied to your experience
modification.
Request a
workers compensation quote.
or call 678-481-4397
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