FAQs

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.
Is there an upfront cost to perform the analysis of our previous workers’ comp audits?
Not at all. We work strictly on a performance basis and only get paid when you receive a refund/savings. There is no fee if there is no refund/savings. 100% risk free!
What is the typical recovery for your clients?
On average our clients can expect a 20% recovery of their previous year’s annual premium. Sometimes that recovery can be as much as 40% of the annual premium.
Are you going to sell us insurance and replace our existing policy/broker?
Absolutely not. We do not sell insurance. There’s no need to replace your broker, policy, or carrier to work with us. Our only goal is to recover your money and correct any mistakes that will save you money on future insurance premiums.
We’re concerned about the confidentiality of the information provided. Who will see the information?
Privacy and confidentiality of your information and documents is extremely important to us. We would be happy to sign any additional Disclosure Agreements at your request. Only the staff of Premium Recovery Experts and our team will review the information.
My insurance company just performed an audit. Why do I need your services?
The work we do goes far above your annual audit. Insurance companies perform an annual audit to determine the actual payrolls for the past policy year. The auditor who works or is hired by the insurance company is there to adjust your company’s estimated payroll to the actual payroll figures—not to look at potential overcharges.
Will my agent/broker be upset that their work is being audited?
Not at all. We’re reviewing the work performed by the insurance carrier. Most agents/brokers have their clients’ best interest as a priority, which is why they partner with us to assist their clients in recovering their overpaid premiums.
Why do we need your services when my agent already does this for us?
Workers’ comp premium recovery is all we do. Many agents/brokers partner with us because we specialize in this one area. It’s virtually impossible for your agent/broker to verify all the details involved in your premium calculations due to their limited bandwidth.
We don’t have a lot of claims. Why do we need your services?
Workers’ Comp claims is one of the many categories we review. Whether or not your company has ever placed a claim won’t affect the work we do. There are plenty of other areas for us to identify overcharges that will get your company a refund/savings.
Is your work limited to specific states?
We cover the entire United States.

Questions?

We have answers.

What if I’m too busy with ongoing projects?

What if we don't have many workers' comp claims?

What if we belong to a Safety Group?

What if our workers’ comp is set up for ‘pay as you go’?

What if our employee classification codes are already correct?

Is there an upfront cost to perform the analysis of our previous workers’ comp audits?

What is the typical recovery for your clients?

Are you going to sell us insurance and replace our existing policy/broker?

We’re concerned about the confidentiality of the information provided. Who will see the information?

My insurance company just performed an audit. Why do I need your services?

Will my agent/broker be upset that their work is being audited?

Why do we need your services when my agent already does this for us?

We don’t have a lot of claims. Why do we need your services?

Is your work limited to specific states?

Want to learn more?

Let’s talk.

FAQs

Questions?

We have answers.

What if I’m too busy with ongoing projects?

What if we don't have many workers' comp claims?

What if we belong to a Safety Group?

What if our workers’ comp is set up for ‘pay as you go’?

What if our employee classification codes are already correct?

Is there an upfront cost to perform the analysis of our previous workers’ comp audits?

What is the typical recovery for your clients?

Are you going to sell us insurance and replace our existing policy/broker?

We’re concerned about the confidentiality of the information provided. Who will see the information?

My insurance company just performed an audit. Why do I need your services?

Will my agent/broker be upset that their work is being audited?

Why do we need your services when my agent already does this for us?

We don’t have a lot of claims. Why do we need your services?

Is your work limited to specific states?

Want to learn more?

Let’s talk.

Subscribe to our Newsletter and Stay up to Date.