The word audit often has a negative connotation, commonly associated with stressful proceedings and a potential loss of money for your business. However, the CompWize workers’ compensation audit program is a streamlined, hassle-free process with a straightforward goal, recovering overcharges and getting back the money you deserve. And everything we do is on a contingency basis, so there is absolutely no financial risk involved.
How Much Work Will I Have to Do?
CompWize by Commercial Coverage Plus understands that running a business is hard work and that any time spent not focusing on growing your business can be equivalent to lost revenue. We pride ourselves on the efficiency and accuracy of our workers’ comp auditing procedures. In fact, most business owners we work with only spend an hour of their own time during the process. Once you have authorized our team to collect the required information, we handle the rest of the audit!
Cutting-Edge Proprietary Software
Our breakthrough proprietary software independently reviews your business’s current and previous workers’ compensation policies. And current legislation allows us to analyze over six years of workers’ comp data, potentially recovering overcharges from any point during that period.
CompWize comprehensively reviews over 2000 items corresponding to the calculation of your workers’ compensation premium charges, including but not limited to:
- Billing statements
- Experience modification reviews
- Claims summaries
- Auditor’s worksheets
The CompWize Team of Workers’ Comp Auditing Specialists
Gary Sandford, our Vice President of Premium Auditing, spent over 34 years working for the New York State Compensation Insurance Rating Board (NYCIRB). As NYCIRB’s Chief Auditor and Vice President of Administration and Finance, Gary oversaw the largest workers’ compensation regulatory bureau in the US. And as the leader of our workers’ comp auditing team, he utilizes his firsthand knowledge and experience to ensure any and all overcharges are accounted for and refunded directly to your business.
The CompWize Difference
At CompWize, we do not succeed unless you succeed. We aim to develop long-lasting partnerships with each of our clients. Our top-tier customer service and attention to detail have enabled us to recover hundreds of millions of dollars in insurance overpayments for an expanding list of clients, including:
- Tiffany & Co.
- Ben & Jerry’s
- Mercedes Benz
- InnSeason Resorts
- Eagle Creek
- Gerrards Market
Additionally, one of our team members will schedule an in-person visit to your workplace at your convenience. Even with our advanced proprietary software, we still believe nothing can replace the value of face-to-face interaction.