Workers Comp Recovery

Feb 12, 2008

  1. dankisllc
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    dankisllc New Member

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    [FONT=Courier New, monospace]This is something that can be a good arrow to add to your quiver to get the upper hand on a comp case. [/FONT]


    [FONT=Courier New, monospace]We are a small P&C shop in Connecticut. For the past 15 years our primary business focus has been small commercial insurance cases. Early last year we were exposed to a process known as premium recovery.[/FONT]
    [FONT=Courier New, monospace]The idea behind premium recovery is simple. Double-check the classifications, rates, experience modification factors, payroll audits, and other rating factors that insurance companies use to calculate the workers' compensation premiums. [/FONT]
    [FONT=Courier New, monospace]The results thus far have been incredible and have become a fabulous way to help a prospect while demonstrating a level of expertise that the incumbent has not shown. All while creating an extra revenue stream. [/FONT]


    [FONT=Courier New, monospace]If you guys want some more info PM or ***********

    Spam contact info removed by Mod - If you want to advertise here please see our rules.
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    Last edited by a moderator: Feb 14, 2008
  2. saieddie
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    saieddie Guru

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    Am I missing something or don't you double check the experience mods, payroll, and class codes when you do a quote?
     
    saieddie, Feb 14, 2008
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  3. dankisllc
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    dankisllc New Member

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    The amount of expertise involved in checking the calculation of a experience modification rating is above and beyond the expertise of most agents.

    There are just too many factors to consider in the process.

    The class codes depending on the industry type can become very tricky.
     
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