Services

Workers’ Compensation Premium Recovery Services

Zed Services helps clients with Worker’s Compensation premium recovery. Our organization is not affiliated with any insurance companies or agencies. We do not sell insurance. We believe that our success is directly connected to our ability to obtain the maximum refunds for our clients.

Types of Errors

Workers’ compensation premiums are determined through a complex process that involves multiple departments within insurance companies and rating bureaus that have different agendas and do not effectively communicate all the time. Therefore, various types of errors can lead to overcharges on your workers’ compensation premiums. Overcharges can result from one or more of the following:

  • Errors in calculating experience modification factors (stemming from errors in claims handling and various other factors used in calculating experience mods).
  • Errors in payrolls and classification codes.
  • Errors in applying proper discounts and credits, as well as other technical and clerical errors.

These errors can lead to overcharges anywhere from hundreds of dollars to tens of thousands of dollars.

We usually conduct a thorough review going back at least ten years. However, how far we can go back to make corrections depends on specific state guidelines. Some errors can be corrected within a seven-year window while other errors can be corrected within only a five or three-year window.

Every year when you renew your workers’ compensation insurance, we lose the ability to make specific corrections and recover the overcharges that resulted from those errors. That money stays in the insurance company’s pocket and is never returned to you because the statute of limitations has run out.

Therefore, if you are coming up for renewal soon, it is essential that you sign up for our service as soon as possible to secure the maximum refunds. Do not let the insurance company hold on to the money that is owed to you.

Clients

Our clients come from a wide variety of industries, including:

  • Transportation
  • Distribution
  • Manufacturing
  • Construction
  • Healthcare
  • Food & hospitality
  • Retail
  • Wholesale
  • Staffing
  • Education
  • Nonprofits

If your company is paying $100,000 or more in Workers’ Compensation premiums annually, there is a significant likelihood that you have been overcharged.

Insurance Companies & Agents

Our service will not have any adverse effects on your relationship with insurance companies or agents.

Overcharges happen for 75% of insureds, regardless of the insurance company. So, the types of errors we find are not a rarity. They happen due to the complex nature of handling claims and determining workers’ compensation premiums. Therefore, when we identify an error and request the insurance company to correct, they simply comply and correct.

As for agents and brokers, they simply do not have the time and resources to conduct the type of detailed retrospective review that we perform. They also face an inherent conflict, as reducing your premiums would directly reduce their commissions.

They are not exactly thrilled to take on a tedious project that would only hurt their bottom line. Still, a lot of smart agents and brokers recognize the value of our service and refer their clients to us because they understand that their client’s best interest is their primary mission and that a happy client is a loyal client.

We are not affiliated with any insurance companies or agencies, and we do not sell insurance. Workers’ Compensation premium recovery is all we do. Our success directly correlates with our ability to obtain the maximum refunds for our clients.

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