A food distributor recently partnered with Premium Recovery Experts to determine if their workers’ comp premiums had been calculated correctly.  On the surface, everything appeared to be in order, and the audit conducted by the insurance carrier was 99 percent accurate.  But our job is to look at every detail carefully, and that is exactly what we did.

During our review, we discovered that one employee had been misclassified in a job category with a higher risk level than was appropriate. Although this seemed like a minor issue, it resulted in more than $21,000 in overpaid workers’ comp premiums.  We worked directly with the insurance carrier to correct the error and secured a refund for the client.

This case highlights how even small mistakes can have a big financial impact.  Many companies assume their audits are accurate, but without a detailed review, significant errors can go unnoticed for years.

At Premium Recovery Experts, we are focused on this kind of precise review.  Our service involves no upfront cost, and if we do not find savings, there is no fee.

If you have never had your past audits reviewed, now is a great time to start.  You could be owed money without realizing it.