Workman’s Comp

This effects the premium based on previous losses compared the median loss rates of businesses in this class of business as set by NCCI.

Did the second injury fund from the state of Mo. pay a claim for an injured worker; if they did, there is a good chance your experience rating should have been adjusted potentially. This experience rating adjustment could result in lower premiums by the thousands. Also did you get your proper credits for having a good claims free year, often times these credits are never reimbursed. We will make sure all you are getting all these valuable credits.

Sometimes it isn’t easy finding the exact class code an employee’s position should be classified in. The industry goes by NCCI standards and sometimes it can be difficult at best to specifically nail down correct codes which can cause overpayment. One example we recently ran into was a trucking company which paid long haul trucking rates on short hauls truckers. They paid this rate on all their drivers for ten years before we discovered the error. This saved them $18,000 in premium.

Some of our top carriers are now offering pay as you go premiums. This is facilitated by integrating payroll information into the periodic payment schedule. This insures that premiums are paid in accordance to actual payroll therefore mitigating the potential for any audit exposure.