Workers’ compensation costs can be among the most draining for companies of all sizes. SIB works to review every aspect of your premium calculation, including but not limited to: declaration pages, audit billing statements, experience rating, worksheet calculations, loss history summaries, auditor’s worksheet, premium payments and special rating plans for the last five years. Armed with specific knowledge of your premium as well as industry insider experience, we provide you with a written report, documenting each instance of overcharging, as well as supporting documentation. SIB then assists you in recovery of overcharges and compensation refunds.
Former Industry Insiders Reduce Workers’ Comp Costs
Our team is comprised of industry insiders who can easily spot incorrect classifications, calculations and ratings. There is an inherent conflict between a broker’s commission and your policy premiums. SIB can leverage its knowledge of proprietary premium information and rating plans that are rarely disclosed to policyholders.
Our workers’ comp cost reduction analysts are experienced and skilled when it comes to correcting these issues, ensuring your company gets optimal premiums on workers’ comp insurance.
Risk-Free Workers’ Comp Audits
SIB only gets paid when you realize savings on workers’ compensation insurance. There’s no up-front fee for the workers’ comp audit. Our 98% success rate when it comes to finding savings, as well as our solid financial backing, enables us to handle projects on a contingency basis. When we save your company money, me make a percentage of those monthly savings.
SIB’s workers’ comp audit requires a minimal time investment on your part. You give us last month’s workers’ compensation insurance bills and we take care of the rest. There’s no need for you to worry about sifting through years of billing history to find errors or negotiating with your workers’ comp provider to get the best rates. If SIB is unable to find any room for improvement in your current bill, you’re not charged for the service and you get to rest assured knowing you’re getting the best workers’ compensation insurance rates.
SIB offers a risk-free way to ensure your company’s costs are as low as possible.