Last week, the NY Times ran a series of articles on Workers Compensation. But, as usual, the Times only published some of the news that's fit to print.
The picture of fraud and abuse they paint is grim, but what the Times overlooks is the other victim: The employer. The employer always loses. Whenever there's a claim, the employer gets stuck with inflated reserves the insurance company sets aside to cover the costs of the case.
And claims are only a small part of the problem. As much as 40% to 60% of employers get overcharged on their premiums. The overcharges often come to tens of thousands of dollars. Sometimes much more.
Here is a response to the Times: Workers Compensation Expert Says NY Times Articles Neglect the Other Victim--Employers Who Get Overcharged
Showing posts with label workers comp. Show all posts
Showing posts with label workers comp. Show all posts
Sunday, April 05, 2009
Thursday, March 19, 2009
How-to Guide for Businesses on Getting Refunds for Overcharges with No Effort
If you are in business in NY or NJ...
If you have a payroll...
You need to read this
If you are paying for Workers' Compensation for your employees, chances are you have been overpaying for your premiums.
Like most people, I never really thought about Workers Comp. The only time I remember using the phrase was about 20 years ago... when I broke my finger at work. Not much of a case, either. Turns out writers don't really use their pinky much.
But now that I'm involved, I have a new perspective. I'm working with Compensation Refund Co., a group that gets employers refunds for overcharges on Workers Compensation insurance premiums. It's a recession-friendly business: Every company or organization should want to try to see if they're eligible for getting money back at no risk. It's like getting your own stimulus package!
Most people, though, don't even think about Workers Comp after paying the bill to the insurance company.
But you should think about it. If you have a payroll, most likely you have a refund coming to you!
Compensation Refund Co. doesn't sell insurance. They just audit the auditors, investigate the errors and get back refunds. How big are the refunds? See for yourself: How-to Guide for Businesses on Getting Refunds for Overcharges with No Effort
If you have a payroll...
You need to read this
If you are paying for Workers' Compensation for your employees, chances are you have been overpaying for your premiums.
Like most people, I never really thought about Workers Comp. The only time I remember using the phrase was about 20 years ago... when I broke my finger at work. Not much of a case, either. Turns out writers don't really use their pinky much.
But now that I'm involved, I have a new perspective. I'm working with Compensation Refund Co., a group that gets employers refunds for overcharges on Workers Compensation insurance premiums. It's a recession-friendly business: Every company or organization should want to try to see if they're eligible for getting money back at no risk. It's like getting your own stimulus package!
Most people, though, don't even think about Workers Comp after paying the bill to the insurance company.
But you should think about it. If you have a payroll, most likely you have a refund coming to you!
Compensation Refund Co. doesn't sell insurance. They just audit the auditors, investigate the errors and get back refunds. How big are the refunds? See for yourself: How-to Guide for Businesses on Getting Refunds for Overcharges with No Effort
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