One of our recent clients, a small community hospital that also operates a nursing home, reached out to Premium Recovery Experts to take a closer look at their workers’ compensation premiums. Like many healthcare organizations, they had been paying high premiums for years, trusting that their policy classifications were accurate.

Our team conducted a detailed audit and discovered that more than 30 employees had been incorrectly classified under a more expensive job code. These misclassifications resulted in significantly inflated premium costs year after year.

We worked directly with the insurance carrier to correct the classifications on three older policies and ensured that all future policies would reflect the appropriate codes. This not only led to immediate financial recovery but also positioned the hospital for ongoing premium savings moving forward.

The final outcome was a combined total of $141,000 in recovered refunds and future premium reductions.

This success story demonstrates the importance of a thorough review of workers’ compensation audits. Even well-run organizations can have costly errors hiding in the fine print. At Premium Recovery Experts, we specialize in uncovering these mistakes and recovering what your business is rightfully owed.

If your organization has never had an independent audit of past premiums, now is the perfect time to get started. You may be surprised by what we find.