Workers' Comp Premium Audit & Recovery
You’re probably like 70% of the companies we’ve found substantial savings for, and we recover overpayments going back 5-7 years. No savings = no fee.
Our examinations of policies have found over 70% of companies are overpaying.
We perform a 5-7 year policy lookback in search of all the rebates back to your company. We ensure you’re not overpaying and that your insurance carrier is applying every possible method reducing your costs.
Workers’ compensation insurance presents a double challenge for businesses: significant cost and intricate regulations. The sheer number of classification codes, coupled with state-specific interpretations, creates a minefield for accurate classification. This complexity often results in misclassification and overcharges, impacting a substantial portion of businesses.
Fortunately, these overpayments are recoverable. Our comprehensive audits extend beyond the limitations of typical reviews. We delve into the past seven years to identify and recoup these hidden savings, ensuring you receive the full value from your workers’ compensation insurance.
FAQ
Q: I’m busy, what other time is required?
A: Minimal. We request and prepare all paperwork on your behalf from the agent/insurance company.
Q: What will my agent think of me doing this?
A: Most agents understand that you’re taking care of your own best interests. They truly don’t have the time, resources, or expertise to conduct an examination and recovery like this.
Q: My agent just performed an audit…why should I work with you?
A: Their audit is primarily verifying payroll for the previous year. They are not looking for overcharges or areas of savings on your behalf.
Q: What happens if/when you find errors?
A: We’ll notify you of any errors and the amount. We will not request corrections that don’t benefit you.
Testimonials
“I want to take this opportunity to thank you for your efforts in recovering over $68,000 of workers’ compensation premiums for us. I would highly recommend this to any company interested in recovering their overpaid premiums.
Outward Bound, VP Human Resources, Golden CO
“THANK YOU for a job well done in recovering over $30,000 from FCCI Insurance Company! As you know, we had a different workers’ compensation recovery company attempt to conduct a review of our policies prior to your review and they failed to follow through with procuring the information necessary to see our audit through to completion.”
Unlimited Electrical Contractors, Controller, Deerfield Beach FL
“I write this note to thank you for recovering over $126,000 in overbilled workers’ comp premiums from Liberty Mutual and MEDMIC. It is evident that your ‘results driven’ service is a valued resource for any business looking to reduce their operation costs.”
Alice Peck Day Memorial Hospital, President/CEO, Lebanon NH
“Thank you for a great job in recovering over $120,000 in overcharged workers’ compensation premiums from AIG and Wausau Insurance Company. Your seravice has my highest recommendation.”
McDonald’s – The Napoli Group, Sr. VP, Amherst NH
“Just a quick note to thank you for recovering over $20,000 in overcharged workers’ compensation premiums from CNA and State National Insurance Company. Given the ever changing nature of the workers’ comp system, it is certainly beneficial to have a company like yours working on our behalf.”
Rutland Herald, Business Manager, Rutland VT
“I wanted to take this opportunity to say ‘thank you’ for your efforts in recovering over $28,000 in premium overcharges on our previous workers’ compensation policies with AIG and Liberty Mutual. I great appreciate you orchestrating and guiding me through the recovery process. You knew exactly how to go about obtaining these recoverings with very little time commitment on my part.”
FN Manufacturing, LLC, Controller, Columbia SC
Key Benefits
- Lower Costs: Reduce workers’ comp expenses.
- Simplify Classification: Avoid classification errors.
- Recover Overpayments: Reclaim past mischarges.
- Maximize Value: Get the most from your insurance.
- Gain Peace of Mind: Focus on running your business.
Why Choose Us:
Elevate your business with expert wireless management solutions for optimized savings and streamlined operations.
We save you money, or you don't pay.
It’s that simple.
Platinum Savings Group provides tailored solutions that meet your specific needs.