Latest News

CompWize – Our Proprietary Workers’ Comp Analysis Software

By Russ Silberman | Published September 18, 2023

A comprehensive analysis of your workers’ compensation policy can save your business tens of thousands of dollars and upwards of $100,000 in some instances. However, thoroughly reviewing your workers’ comp plan can be highly time-consuming and potentially inaccurate. CompWize, our proprietary, AI-powered software, identifies statistical and human errors within workers’ comp premium calculations.

Can AI Save Your Business Money on Workers’ Comp Coverage?

By Russ Silberman | Published August 29, 2023

In The Press

SMP Consulting Group, a nationally known workers’ compensation audit consulting firm announces the launch of “Compwize”

HOLBROOK, N.Y., July 19, 2023 /PRNewswire-PRWeb/ — “After two years of development, “Compwize” has been launched. This AI program is truly cutting edge algorithm/software technology that identifies statistical and human error found in the calculation of earned premiums for Workers’ Compensation Insurance Policies,” was announced by Edward J. Kelly, Jr., President of SMP Consulting Group.

What’s an E-Mod & How Does It Affect Workers’ Comp Premiums?

By Russ Silberman | Published August 14, 2023

Referred to as an experience modification factor, an experience modifier, or an experience modification rate, an E-Mod plays a significant role in determining your business’s workers’ compensation premium.

Our Workers’ Compensation Auditing Program

By Russ Silberman | Published July 27, 2023

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.

Workers’ Compensation Overcharges – How Do They Happen?

By Russ Silberman | Published May 22, 2023

Workers’ compensation coverage is required for nearly all businesses throughout the US. Depending on the state your company operates in, failing to adhere to workers’ compensation guidelines may result in potentially hefty fines and legal consequences.