Tuesday, December 12, 2017

The Average Recovery for a Work Comp Audit

The average total recovery is 10-15% of a company's one year average annual premium. For example, if a company has been paying on an average $100,000 per year in workers' comp premiums, the average total recovery would be $10,000-$15,000.
We are are not trying to sell insurance. You keep your relationship with your current carrier. This is simply an audit review that will either lead to some sort of recovery of funds for errors that were found OR you receive a free audit to know that everything has been done correctly. 
How far back will a review go?
An overpayment can go back 5-7 years, however depending on the class codes and some restrictions some recoveries will only go back 3 years. 
To get your free audit, contact us at Larry@yourwotc.com

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