Consultants On Workers Compensation Audits, Classification Codes, Experience Modifiers

We consult with employers on their Workers Compensation insurance audits, classifications, and experience modifiers, double checking technical issues that directly affect the premium charges made by insurance companies. We find and recover overcharges in Workers Compensation insurance premiums paid by employers.

• We review current policy charges and also past audited premium charges, to find and correct any errors that have caused premium overcharges.
• We also assist employers successfully dispute Workers Compensation insurance charges made by their insurance company.
• In short, we get money back for employers by finding and correcting overcharges in Workers Comp insurance premiums.
• In addition to the consulting work we do with employers, we also serve as expert witnesses in legal disputes over Workers Compensation insurance premiums, audits, classifications, and experience modification factors.

We don't sell insurance

Advanced Insurance Management LLC is not an insurance agency or brokerage. We're not looking to compete with or replace your current insurance agent.  

Advanced Insurance Management LLC provides independent professional assistance to businesses on proper Workers' Compensation insurance premiums. Our consultants have years of experience and specialized training.  We're familiar and knowledgeable with the differing rules and regulations in different states that affect how Workers Compensation insurance premiums are supposed to be calculated.  Insurance agents are typically not trained in the rules of premium auditing, nor with how important regulations can vary from one state to another.  And insurance company employees are typically focused on correcting mistakes in order to raise premiums, with much less training and motivation to lower premiums for employers.

How we do it

The Advanced Insurance Management® review double-checks the classifications, rates, experience modification factors, payroll audits, and other rating factors that insurance companies use to calculate your Workers' Compensation insurance premiums. We identify and correct technical errors that affect Workers Compensation insurance premiums on current policies and past premium audits.

We specialize in the area of finding and correcting technical mistakes that have been overlooked by insurance company auditors and brokers.

Insurance Auditors Who Work For The Employer

The premium auditor sent by your insurance company is paid by your insurance company.

Now, in our experience, these people are dedicated and ethical professionals. But their training and management tend to be understandably focused on keeping their customers happy. Their customers are insurance companies. So their focus tends to be on catching instances where undercharges may be happening, and not so much on figuring out how things may have gone wrong in ways that increase premiums.

We serve as independent premium auditors for the employer, identifying and correcting errors made by insurance carriers and rating bureaus that increase Workers' Compensation insurance premiums.

Such errors and overcharges are far more common than many in the insurance industry like to admit. The complexities of rules governing proper classification, experience modification factors, payroll audits, and varying state regulations and statutes mean that many employers are overcharged without ever knowing it.

Who We Can Help

AIM has been retained by a wide variety of clients--manufacturers, contractors, transportation companies, staffing companies, hospitals--even an NFL team-- to provide expertise regarding Workers' Compensation insurance cost and coverage.

We've helped employers of all types and all sizes – from small machine shops to Fortune 500 corporations. And we're experienced with the Workers' Compensation rules and regulations of every state that allows private insurance for Workers' Comp. So no matter your company's size, or where you're located, AIM may help you to reduce the cost of Workers' Compensation insurance now and in the future.

Consultants on Workers Comp Classification Codes, Experience Modifiers, Payroll Audits, & More

2012 is our 25th year of helping employers with Workers Compensation premiums, making Advanced Insurance Management one of the oldest and most experienced firms in the field of premium recovery.