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...

Continue Reading

Satellite company saves nearly half-million in premiums

9 years, 3 days 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...

Continue Reading

Correcting misclassification a good sign for outdoor sign company

9 years, 3 days 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...

Continue Reading

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

9 years, 3 days 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...

Continue Reading

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

9 years, 3 days 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...

Continue Reading

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

9 years, 3 days 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...

Continue Reading