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
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.