Q: Are workers' compensation costs set by the state and all the same?
A: Many business decision makers believe that worker's compensation is a fixed cost of doing business and therefore are predisposed to plan around it. Actual experience shows, however, that it is a widely variable cost that can be reduced and controlled if managed. Unmanaged, worker's compensation costs will continue to grow.

Q: I pay more for worker's compensation each year. How can I get control of the costs?
A: Industry experts agree that more than 75 different factors can influence worker's compensation costs. Most businesses have neither the time, staff or expertise to get their arms around this complex coverage. In short, hire an expert in the field of worker's compensation to set up training and monitoring structures needed.

Q: My agent and carrier say that I owe additional premium as a result of a premium audit, what if I disagree?
A: Audits can become extremely complex given all of the changes in the last year with the exemption law, rate changes and especially if you have multi-classification assigned to your policy. Your agent/broker should be present at your premium audit, if they did not attend someone needs to request the audit worksheets to review: the classification assignment of employees, sub-contractor inclusion, application of all appropriate credits. You must also send a letter to your carrier within 10 days of recieving your audit outlining your dispute

Q: What can I expect to save using your company?
A: Typically, the first 3 years savings will equal 25-50% of the annualized worker's compensation costs. If the company is spending $100,000 a year on out of pocket expenses and premiums, the employer could expect to save $25,000-$50,000 a year by the end of the third year.