Top 10 List of Work Comp Audit Errors
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Are You Overcharged for Workers Compensation?
Top Ten List of Workers Compensation Audit Errors and Mistakes
A top ten list of Workers Compensation Audit Errors and Mistakes made by Insurance Companies
- Top 10 audit errors and mistakes made by insurance companies that cost you money!
- On the right you will find a list of the top 10 most common mistakes made by insurance companies when conducting your workers compensation premium audit. If you click on any link to the right, you will learn how these top 10 audit errors occur and what to do about them. Each link will take you to a separate page with more detailed information for your use. While this is certainly not an all inclusive list, it is one we feel will help you better understand the effects these errors may have on your total workers compensation cost.
- Approximately 25-50% of business owners who carry a workers compensation policy are now or have been in the past overcharged by an insurance company. Most business insurance clients have no idea that there are errors in their premium calculations.
- We find errors in all aspects of the workers compensation insurance policy and audit process. Removed work comp credits, misclassed workers, charges for subcontractors, unexplained changes in experience mod factors, improper application of governing rules, no physical audits, payrolls that do not match, work comp rates changed at audit and no separation of payroll are just a few of the mistakes we discover.
- Each of the top ten audit errors and mistakes listed here has proved, over time, to be the direct cause of our clients paying to much for their workers comp insurance. When you review each of these pages, you will find an in depth description of the specific mistake, including what to look for on your audit or policy that may indicate you've been exposed to an error of this type. We offer helpful suggestions as to the nature of the mistake and in some circumstances how you may avoid or have the mistake easily corrected.
- Our service is geared to represent you, our client, in discovering and correcting these types of errors. These are just a few things to look for that indicate you may have suffered an incorrect workers compensation audit. Incorrect audits mean you are paying to much for your workers compensation coverage.
- Keep in mind the auditor works for the insurance company, not for you! Workers Compensation Consultants work for you!
- On the right you will find a list of the top 10 most common mistakes made by insurance companies when conducting your workers compensation premium audit. If you click on any link to the right, you will learn how these top 10 audit errors occur and what to do about them. Each link will take you to a separate page with more detailed information for your use. While this is certainly not an all inclusive list, it is one we feel will help you better understand the effects these errors may have on your total workers compensation cost.
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