A plumbing and heating contractor recently engaged with Premium Recovery Experts to determine whether there were any errors or missed opportunities in their workers’ comp premium calculations.  Like many contractors, they believed their premiums had been calculated correctly. However, after a thorough review, we identified something important that had been overlooked. The contractor was eligible for state issued construction credits based on the type of work they perform, but these credits had never been applied.

We collaborated with both the insurance carrier and the state rating authority to ensure those credits were properly awarded.  As a result, the contractor received more than $20,000 in savings across their two most recent policies.

The good news does not stop there.  These credits will now be applied to all future policies, providing the contractor with ongoing savings year after year.

This example demonstrates how even well managed businesses can leave money on the table without realizing it.  Our job is to find those opportunities and help you recover what you are owed. There is no upfront cost and no risk.  If your past audits have not been reviewed, now is the time to take a closer look.