7 Secrets that Cost Your Client a Bundle on their Workers' Comp

Framing Contractor Receives $38,890 Refund on Audit Misclassification

INSURED Residential Framing Contractor paying $112k/year in workers compensation premium. SITUATION Insured had received an $80,612 bill from their insurance carrier due to a prior year audit and a mid-year experience mod change. Insured was stressed and felt like they...

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Satellite company saves nearly half-million in premiums

6 years, 4 months ago ,

INSURED A multi-state satellite installation company with 36 employees. SITUATION The company unexpectedly received a $499,916 audit premium notice. The previous premium was $13,530. ASSESSMENT In reviewing the audit, CWCAs from Trissel, Graham, and Toole discovered that the auditor had...

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Correcting misclassification a good sign for outdoor sign company

6 years, 4 months ago ,

INSURED The insured is an outdoor sign company with fewer than 10 employees. The company’s annual revenue is just under $2,000,000. SITUATION The company’s annual premium was extremely high based on the number of employees and the level of duties...

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Error in classification ruling nearly costs auto repair company thousands in higher premiums

6 years, 4 months ago ,

INSURED Located in Wisconsin, this auto repair business also does retail parts sales and auto dismantling. The company employs seven people. SITUATION The Rating Board showed up unannounced to undertake a classification audit. The audit resulted in a re-classification of...

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Class audits & improved management cut care provider’s Mod 44%

6 years, 4 months ago ,

INSURED The business is a non-profit outpatient, long-term care provider with a $20 million payroll for 512 employees spread over nine locations. The company assists elderly clients so that they are able to remain at home by either picking them...

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Audit of audit finds incorrect change in classification, nets $41K

6 years, 4 months ago ,

INSURED The business is a local hauler that handles towing risks. It has 25 employees and does approximately $1.5 million per year in business. SITUATION Following an audit of the insured’s Workers’ Comp policy, the company was charged an additional...

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