Frequently asked Questions...
Q: Work Comp rates are mandated by the “state” work
comp cost should be the same with every insurance
A: No. This is the most misunderstood portion
regarding your worker’s compensation insurance
premium calculation. The rates are only the starting
point and carriers do indeed have to abide by NCCI
rate calculations, but your final premium cost
ultimately is determined by your program placement,
claims manager, dividend scale and skill level of
your insurance agent to provide your company with a
product that is molded to fit your company’s
Q: My new experience mod is higher, yet my company’s
claims experience has decreased, is this correct or
can corrections be made?
A: We are constantly finding errors in experience
mod calculations. Remember, your mod is not solely
based on your claims activity, it also includes your
company’s correct payroll numbers and the use
of your company’s correct experience rating
period. Approximately 63% of all experience mods
include errors in favor of the insurance company.
Lets us so you the errors and allow us to correct
them for your company.
Q: My audit resulted in additional premium, should I
just pay it?
A: Absolutely Not. Auditors commit errors daily and
this not only creates additional premium to the
audited policy, but this also could negatively
effective your future experience mods. Regardless if
you are a current client or not, we will review your
audit and identify where the errors exist. 75% of
the audits we review are corrected, resulting in
lower additional premiums or return premiums!
Q: Your firm provides worker’s compensations
insurance, can you provide a payroll service as
A: Yes, we provide a complete payroll service which
administers all taxes and worker’s compensation
Q: I am currently insured through a PEO, would I be
able to obtain my own policy which would include a
new experience mod?
A: Yes, we will review your loss history with the
PEO and show you how we will obtain a credit mod for
your new policy.