Workers Compensation
· Experience Modification Factor Audits
· Workers Comp Policy Annual Audits
· Reclassification of Business Codes
· Workers Comp Board (WCB) Penalties Mitigation
· Workers Comp Construction Credit
Experience Modification Factor (EMF) Audits
Special needs organization three- year retroactive review of EMF. Savings in excess of $64,000.
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Workers Comp Policy Annual Carrier Audits
Educational firm assessed additional premium upon audit by carrier (Utica National) for erroneous classification of independent contractors.
Savings in excess of $30,000. in perpetuity.
Construction firm assessed additional premium upon audit by carrier (NYSIF) for erroneous classification of workers.
Savings in excess of $150,000. in perpetuity.
Business Reclassification through Compensation Insurance Rating Board
Hospitality firm reclassified allowing for application of Standard Exception Classifications.
Savings in excess of $100,000. in perpetuity.
Workers’ Compensation Board (WCB) Penalties Mitigation
Expediter firm penalty of $144,000. Settled for $2,000.
Savings of $142,000.
Homeowner penalty of $50,000. Settled for $2,500.
Savings of $47,500.
Construction firm penalty of $83,000. Settled for $3,500.
Savings of $79,500.
Janitorial firm penalty of $33,000. Settled for $1,250.
Savings of $31,750.
Psychologist penalty of $22,500. Settled for $1,700.
Savings of $20,800.
Workers Comp Construction Credit
Construction firm with two related entities. Obtained an average credit of 10% for both companies, for both open years.
Savings in excess of $60,000.