Workers Compensation insurance is one of the few lines of insurance that has a great opportunity to re-capture lost expense dollars.

Next to your credit report this may be the single most critical business statistic for your company. If your Experience Modification Factor becomes too high, you are subject to surcharges, costly administrative penalties, and not to mention an unnecessary drain on your cash flow. You may also lose out on new business opportunities. On most publicly funded projects like Davis Bacon projects, if your Mod is over a 1.20, you CANNOT even bid.

We will help your company prepare your Workers Compensation Audits upfront before the carrier arrives. We do this to save you on administration costs, and to be certain that the audit will be done properly on a go forward basis so you know the premium you are being charged is correct. When the carrier completes their audit we verify their numbers reconcile with ours.

We can audit back 3 years to ascertain if your business received all of the eligible payroll exclusions you were entitled thus reducing your premium charges in each of the three years. We also verify proper classification codes were used. If we find errors, and most times we do, we will petition the company for a refund of those premium dollars for each year the error occurred as required by NY State Law.