How do you know if you’re getting overcharged for your workers comp premiums? If you are 100% happy with the checks you’re writing for workers comp, and feel great about how much you’re paying…you should probably skip this episode.
What you’ll take away from this construction podcast episode with workers comp overpayment recovery specialist Scott Priz:
There’s a 30% chance you’re getting overcharged for workers comp, and what to do about it. What a “shock” audit can look like, and how it could bankrupt you. Some of the pitfalls to watch out for that can create gigantic increases in premiums. How insufficient documents open the door to insurance companies doing what they want. Red flags that you could be getting overcharged. The two most common reasons contractors get overcharged. (Time tracking) The biggest errors made during an audit, that you need to know about. A few things your insurance company is allowed to do to you if you don’t cooperate. The importance of your experience modification factor, and how to get it lowered. One way your experience modification factor can prevent you from bidding on work, and in extreme cases put you out of business. How to get your hard earned money back.
Resources mentioned in this construction podcast episode:
Contact Scott and our overpayment recovery partners - www.constructionleadingedge.com/recover
Get Out of Your Business: Make it Run Without You This Year: Free online training workshop - www.constructionleadingedge.com/getout
Apply to Work with Our Team to Systematize Your Construction Business: www.constructionleadingedge.com/apply
Delegate to Elevate: Free ebook from Belay Solutions - https://resources.belaysolutions.com/edge
Raken - Get the data you need to build better projects with an app your field crews will actually use - https://www.rakenapp.com