A professional audit of your workers comp premiums and claims history can help catch any premium calculation errors that occurred in the past. You can very often recover those premium overcharges.
Independent premium audit service firms, such as Chicago-based AuditRate, will identify the errors, and also act as your advocate with the NCCI and the insurance carrier to recover premium overcharges going back several years. More importantly, a professional premium audit will help prevent the errors from being repeated in the future.
Bobette Puckett is a comprehensive insurance architect and the executive vice president of Alper Services. A veteran industry leader, she designs creative solutions through innovative programs and services that help clients manage risk and increase profitability. She can be reached at (312) 867-7351 or BPuckett@AlperServices.com.