How Can You Determine if a Premium is Wrong?

Following are a few of the red flags we look for:

>Within the last three years you have had a merger with another firm or your operations have been expanded into new states.
>A few years ago the NCCI or your state's rating bureau responded to a question or complaint. Unfortunately, their decision was not favorable to your company.
>The effective date of your policy differs from the effective date of the experience modification.
>Your policy's modifier is labeled as either "contingent" or "preliminary".
>After the policy began, an endorsement increased the modifier.
>The policy is frequently endorsed with changes to classifications, rates, or payrolls.
>Employees are paid a significant amount of overtime.
>The payroll audit is always brief and superficial.
>During the audit, the auditor asks surprisingly few questions & few records are examined.
>A classification that was not on the policy is added to the audit.
>A classification that was on the policy is omitted from the audit.
>The auditor never volunteers to leave copies of his or her worksheets.

Each business is different. Each situation involves different circumstances and facts. Most of our clients were unaware that they had been overcharged in the past, and did not know that there was a problem.
Here are some signals that you may be entitled to refunds:

-  You received an additional or return premium or “dividend” (you may be entitled to more).
-  The insurance company has changed your basic classification.
-  Your experience modification has been increased during the policy period.
-  Charges were made for uninsured subcontractors or owner-operators.
-  Various credits or discounts are missing from your policy.
-  You did not get a copy of the auditor’s worksheets.
-  Your state implemented a rate change.
-  Previously open claims have been denied by official rulings.
-  Your audit was conducted more than 120 days after expiration.
-  Your audit was conducted via mail or telephone.
At the top of warning signs delete the first line: >Your annual premium is between $100,000 and $900,000.




If your industry is identified here, you have a greater likelihood of being overcharged on both your Workers' Compensation AND General Liability Insurance premiums.

Please understand this is NOT an all-inclusive list, rather a guide by which to measure your own business. Considering that 80% of ALL companies in America are overcharged, figure that Murphy's Law will apply to yours.
Don't delay, call today! 210-249-0682 or email This email address is being protected from spam bots, you need Javascript enabled to view it