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Workers Compensation Premium Recovery FAQ

Workers Compensation Premium Recovery Testimonials

The Service

“The FREE Second Opinion Premium Recovery Specialists”

Our service is to identify and recover worker’s compensation insurance overcharges. We detect the subtle overcharges in your ex-mod, class codes, and payroll audit. We work to recover overcharges on your past worker’s compensation policies, and then save you money on your present and future policies. Mistakes that occur in one year usually are repeated in future policies.

Most business don’t even realize they have been overcharged until an independent review is conducted. This is due to the constant changes in the industry including rating bureau (NCCI) rules and regulation changes along with the application of incorrect rates, discounts, classifications, experience modification calculations, and audits.

The great news is that Alliance Consulting Solutions, Inc. offers a solution to balance the scales:

We offer FREE REVIEW of your last 7 years of worker’s comp insurance by an experienced premium auditor. This gives you the opportunity to get a qualified second opinion from someone who has the expertise to identify errors or missed discounts that may have caused you to overpay.

We do not want to replace your insurance agent or carrier. WE DO NOT SELL INSURANCE.

The Benefits

Why use Alliance Consulting Solutions FREE Review Services?
  • You will recover money that you have unknowingly overpaid over the last seven policy years.
  • To help ensure that you are NOT OVERPAYING and that your insurance carrier is applying every possible discount and deduction to help reduce your premium liability
  • You could save hundreds of thousands of dollars over the life of your business.
It’s completely risk free! Either you recover money that you overpaid, or you get the peace of mind in knowing that you are NOT OVERPAYING and that your agent and insurance carrier is doing the best possible job for you. You can’t lose.

It’s a Win—Win
Opportunity to Save Money
With No Risk To You.

We Review Your Policies
You Receive Your Refund

Why Alliance Consulting ?

You need the perspective of an unbiased, independent review:
  • Over seven hundred (700) different business classifications—rarely challenged.

  • Experienced rating worksheets incorrectly calculated—never verified by agent or insurance carrier.

  • Discounts promised in proposals not applied on audit statements.

  • Cost saving rating plans not divulged by insurance companies.

  • We know where/how to obtain premium information not disclosed to policyholders.

  • Inherent conflict between agent’s role to reduce premium costs and commissions received.

Why Now?

Each business is different. Each situation involves different circumstances and facts. Most of our clients were unaware that they had been overcharged in the past, and did not know that there was a problem.

Alert signs that you may be entitled to a refund:
  • The insurance company has changed your basic classification

  • Your experience modification has been increased during the policy period

  • Changes were made for uninsured subcontractors or owner-operators.

  • Various credits or discounts are missing from your policy

  • You did not get a copy of the auditor’s worksheets.

  • You received a large additional or return premium

  • Your state implemented a rate change.

  • Previously open claims have been denied by official rulings

  • Your audit was conducted more than 120 days after expiration.

  • Your audit was conducted via mail or telephone.

  • You have had an NCCI or Bureau inspection, which resulted in a higher rated classification being added to your policy.

  • You have never reviewed the Worker’s Compensation Basic Manual for new codes.

  • Credits that were on last year’s policy have been removed from your current policy.

  • Your policy does not use at least 4 classifications

  • You are a contractor involved in several types of work

  • The audit was conducted on a quarterly basis using the 941’s or State Unemployment returns.

  • Your general liability policy is “composite rated” on payroll

The Process

Submit policy information for the previous (7) policy years. Copies of policy documents are required to initially open a case file for review.
  • Insurance Policies (7 Years)
  • Audit Worksheets & Summaries
  • Experience Modification and Ratings Worksheets
Alliance Consulting Solutions client forms (3), completed by the client are also required prior to opening a case file for review.
  • Letter of Authority—on client letterhead
  • Worker’s Comp. Premium Review Agreement
  • Premium Audit Submission Form
A recovery specialist may contact you to discuss your policy. Additional documents may be requested.

Alliance Consulting Solutions will provide a comprehensive report that details the estimated refund or credit due from your insurance carrier once the review process is complete.

How We Are Paid

Alliance Consulting Solutions is a result oriented company and our method of payment is a contingency fee. The client must receive a refund or a credit before we earn our share. There is never a risk. If we don’t recover money for you, it won't cost you a penny