At Premium Recovery Experts, we recently had the opportunity to work with a nonprofit organization in California that wanted to ensure their workers’ compensation premiums had been calculated correctly. For organizations with limited budgets, every dollar matters, so a careful review of their past policies was an important step.

Our team began with an analysis of their Experience Modification Rating and identified errors in two different policy years. These errors had directly inflated their premiums and correcting them resulted in substantial savings. We then conducted a detailed review of several past audits, where we uncovered additional problems. A handful of employees had been misclassified in job categories that carried higher rates than were appropriate.

Once these issues were corrected, the nonprofit received over $25,000 in refunds across three separate policy periods. The funds were issued directly to the organization from two different insurance companies, creating an immediate boost to their budget.

The outcome speaks for itself. With no disruption to existing insurance relationships and no upfront cost, this nonprofit was able to recover significant funds that can now be redirected toward its mission.

If your organization has never had an independent review of its workers’ compensation premiums, you could be leaving money behind. Our expertise is finding these errors and securing the refunds you deserve.