Reversing Workers Compensation Insurance Mistakes Since 1999
Average Refund: 10-15% of Your Annual Premium
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Choosing a Workers’ Compensation Carrier
Your employees are your greatest assets. Providing a safe environment for them is your obligation as their employer. But things don’t always go your way.
Accidents happen. That’s when you need workers’ compensation insurance to kick in. But it can be a real hassle to find a trustworthy workers’ compensation carrier.
Shop around. Many Internet sites offer multiple quotes and quick turnaround time with the submission and quote process.
Once you have a company in mind, the first thing you should do is check the Better Business Bureau website to see the insurance company’s rating. Look for the number of complaints issued against them.
Work with a private workers’ compensation insurance auditing company. They might be able to tell you which ones in your area have the fewest number of reported errors.
Perhaps most critical in your selection is a workers’ compensation carrier with in-house claims that works directly with you to fairly settle claims and that stays focused on your goal of returning injured employees to work as soon as possible.
Consider going local. Sometimes it is easier to talk to an agent in person. Either way, it is easier to do business with someone in the same time zone as you, instead of trying to figure out if you’re calling during lunch or before or after hours.
Pick a workers’ compensation insurance company who knows your local market and state laws. Knowledge of the local market can help ensure you are getting a more informed risk analysis and therefore better rates. They should be affiliated with a local loss control agency who can evaluate the safety of your work sites.
A local agent can recommend trustworthy physicians for your injured employees to visit for verification of their workers’ compensation claims. Choose a claims team who is active in establishing a medical provider network that understands the workers’ comp world and can administer the right treatment the first time.
Before you sign that contract with a workers’ compensation insurance company, ask your agent some vital questions: How long have you been licensed in this state? Where else does the company do business? Have they ever left a state? What is the financial stability rating of the company?
Selecting a workers’ compensation carrier is difficult and a lot of work. If you take the time to make a good choice, your workers’ compensation costs will remain low and it will be worth it.
If you feel like your being overcharged on your current policy, chances are that you are.
Workers' compensation insurance companies are notorious for making mistakes that can cost your business thousands in unnecessary charges.
