Do you have a working knowledge of the Workers’ Compensation and General Liability rules which influence your premiums?

Can you name the primary components used to
produce your Workers’ Compensation Insurance experience rating factor?

Are you able to calculate what future Workers’ Compensation Insurance
premium costs your business will incur in the event of a claim?

40% of all Workers’ Compensation and General Liability Insurance calculations are produced in error, with most errors in favor of the insurance company. Errors occur because your premiums are calculated according to complex rules and procedures which are beyond the expertise of most agents, insurance company personnel and insurance buyers. No one in the ordinary cycle of insurance renewals has the depth of knowledge to challenge the accuracy of the calculations. AuditRate assures you that your premiums have been calculated correctly.

The AuditRate Cost Reduction Audit is an in-depth review of current and expired insurance premiums. We analyze your rates, classifications, audits, premium adjustments, experience rating factors, and other factors which influence the premiums you pay. This service provides you with an added tool in the administration of your commercial insurance program.

Obtaining Premium Funds

When AuditRate uncovers a premium overcharge, we administer the process of correcting the error, causing the overcharge to be refunded to you. Since we “speak the language,” we can guide your refund through the various bureaus and insurance company departments in an efficient manner until final resolution.

Contingency-Based Agreement

Our fee (50 % of savings) is strictly contingent upon your receiving a refund. We are paid only if you obtain a refund, and only after you receive the money. If you receive no refund, we collect no fee. A side benefit of our work is that it serves to reduce your future insurance costs for years to come.