We find
Money
Businesses and organizations—recover what you overpaid
for workers’ comp insurance.
Questions?
We have answers.
What if I’m too busy with ongoing projects?
We love busy professionals! Our process is very hands off, so it won’t add to your daily workload. Our team collects the data and policy docs necessary for our analysis. Your only involvement will be to answer questions pertaining to your analysis and to possibly send/forward emails on our behalf to authorize the release of documents from your insurance carrier. That’s it!
What if we don’t have many workers’ comp claims?
Not a problem! We’ve gotten refunds/savings for many companies that didn’t have a lot of claims or any claims at all.
What if we belong to a Safety Group?
Great! Safety groups can help lower your Workers’ Comp expense although they are not looking for errors from previous audits. We’ve had a lot of success getting refunds/savings for companies belonging to a safety group.
What if our workers’ comp is set up for ‘pay as you go’?
No sweat! Pay as you go doesn’t affect our analysis one bit.
What if our employee classification codes are already correct?
Perfect! We review between 10-12 areas for potential refunds. Classification codes is only one of those areas.
Industries We Find Money For
Construction & Trades
Premium Recovery Experts worked with a 30-employee masonry contractor. After reviewing their employee classification codes, it was determined that their laborers were miscoded resulting in a $41,275 refund and thousands of dollars saved going forward.
Recovery: $41,275
Manufacturing
Working with the owner of a chemical manufacturer, Premium Recovery Experts was able to identify errors with their employee classification codes. Once corrected, the client received a $69,450 refund as well as reduced premiums to the tune of $18,500 per year going forward.
Recovery: $69,450
Hospitality
Premium Recovery Experts helped a quick serve franchise owner with over 70 locations and over 900 employees recover $31,650 due to incorrectly calculated overtime pay.
Recovery: $31,650
Transportation & Distribution
A California based last mile delivery service had claims from the past that were still open, affecting their Experience Modification Rating (EMR) calculations. Our team worked with their insurance carrier to properly close the claims, which resulted in a lower rating and a $28,500 recovery to the client. Now that’s the client’s EMR has been reduced, their annual premiums will be reduced as well.
Recovery: $28,500
Nonprofit
A 300-employee social service nonprofit struggling with high expenses hired Premium Recovery Experts to do a deep analysis of their previous 5 years audits to see what they could uncover. The end result was a $71,000 recovery that will help fund their programs that serve the community.
Recovery: $71,000
Healthcare
A drug treatment healthcare organization with 7 locations received a sizable bill from their insurance carrier after an annual audit. Premium Recovery Experts was able to get the audit bill nullified and they were also able to recoup $19,000 in overpayments due to a mathematical error from a past audit.
Recovery: $19,000