Mistakes are very costly. Companies with high modification factors are often excluded from bidding on jobs. Whether a union or an open shop, profit margins are getting squeezed and competition is fierce.
Workers' compensation, a fixed cost of doing business, is not an uncontrollable cost. The variance in premium cost between competing companies may be as much as 40%. Our clients save money because we manage every lost claim filed against them through our Comprehensive Claims Service. We protect our clients' interests throughout the claims process to shorten the settlement time and reduce the final claim amount.
With our Premium Recovery Program, we analyze your workers' compensation policy - construction credits, employee classifications, endorsements and modification factors - to ensure accuracy. This is a contingency based program, if we discover mistakes and recover past overcharges, we are paid as a percent of actual savings. If no mistakes are found, our service is complementary.