Workers' Comp Classification & Premium Audit Training — Catch Overcharges Before They Cost You
Did you know that more than 75% of premium audits contain errors? For many businesses, these mistakes result in silent overcharges reaching into the tens of thousands of dollars. This module shows you exactly how to audit your audit. You will learn the rules governing class codes, what an auditor can and cannot legally change, and how to stop overpaying.
of premium audits are littered with errors — overcharges in the tens of thousands
Depending on the size of your business, a single class-code mistake can bleed six figures a year. Knowing the rules stops it.
11 things this module teaches you
- Why the agent or the insurance company that assigns the classifications for your business may have NO IDEA if it is correct.
- How the classification system works.
- The critical importance of knowing what a job IS and what it IS NOT as it relates specifically to Workers' Comp classification codes — and why getting the code almost right may cost you from $10,000 to over $100,000 a year, depending on the size of the business.
- How to make sure 100% of your employees are classified correctly so you never pay more than you should.
- Why 75% of all Premium Audits are littered with errors, and how to keep your records so your annual Premium Audit comes out correctly.
- 14 items of excluded remuneration — items you may pay employees that you do not have to pay Workers' Compensation on. Knowing these exclusions could save you thousands or even tens of thousands of dollars a year, depending on the size of your business.
- Everything you need to know about working with subcontractors, including when, for W/C purposes, they ARE or ARE NOT treated as your employees.
- Details on what portion of a subcontractor's total payment is subject to W/C premium calculation if that subcontractor is treated like an employee for W/C purposes.
- What an auditor CAN and CANNOT do in a Premium Audit, like change to a more expensive classification that would drive up your premium. If you know what you are doing in a Premium Audit, even the WORST auditor MUST do the audit correctly. And that may save you a fortune.
- You will learn how to prepare for the Premium Audit BEFORE the auditor arrives, so you know the information is correct, and the audit runs smoothly. Not preparing and not doing all your own due diligence all but guarantees costly mistakes will be made.
- Plus, you receive all the forms, worksheets, tips, guides, and video instruction you need to classify your employees with PINPOINT ACCURACY and TAKE CONTROL OF YOUR PREMIUM AUDIT, so you know for a fact that you are not being overcharged.
Three-seat bundle · or three payments of $265
All 3 modules · 3.5 hours
Immediate access
3 years to complete
A speech pathology group, 42 employees, was stuck at a $2.90 rate. Reclassified to $0.32 — $30K+ refund.
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