How To Get A Workers Compensation Refund

Have you ever received a workers comp refund? You know it's not really a refund. You can never really receive a refund from your workers compensation policy because these policies are set up to be based upon the actual payroll exposure your business incurs over the policy period as adjusted at the end of the policy by the dreaded workers compensation audit!

Here's some tips on what you need to do to make sure you're paying the proper premium for your workers compensation policy:

1. Make sure you understand the premium calculation process. If you don't, then ask someone who does!

2. Be sure to provide your insurance agent with the most accurate projection of payroll you can for your policy period.

3. Make sure you review the issued workers compensation policy you receive from your insurance company for accuracy.

4. Once your workers comp policy has expired the insurance company will conduct an audit. Be sure to check out How to Prepare for a Workers Comp Audit.

5. Have your audit reviewed for accuracy by an independent professional workers compensation consultant. They work for you. Not the insurance company.

Hope these few pointers help you out.

Thanks!