Can You Get a Refund on Overpaid Workers’ Comp Premiums?
The short answer: yes. If you’ve been overcharged on your workers’ compensation insurance, you can recover those overpayments — in many cases going back three to six years, depending on your state. Most business owners don’t realize this is even possible. They pay their workers’ comp premiums, accept the annual audit results, and move on. […]
Is Your Experience Mod Wrong? How to Check and Fix It
Your experience modification rate — also called your e-mod, EMR, or mod factor — is the single biggest variable in your workers’ compensation premium. It’s a multiplier applied directly to your base premium: a mod of 1.20 means you’re paying 20% more than the industry average, while a mod of 0.85 means you’re paying 15% […]
10 Common Workers’ Comp Audit Errors That Are Costing You Money
If you’re a business owner paying workers’ compensation insurance, there’s a good chance you’ve been overcharged at some point. Industry analysts and premium recovery specialists consistently find that a large percentage of employers — some estimates suggest as many as two-thirds — have overpaid or are currently overpaying on their workers’ comp premiums. The culprit? […]