Many of the rules which determine premiums are understood only by employees in the audit and underwriting departments of insurance companies. The result is a built-in bias in the system which favors higher premiums. CompControl was written by an industry insider -- a consultant who has saved clients more than $4 million in overcharges. His book reveals how the system really works and how you can make it work for you. The author provides easy-to-understand explanations of these key items:  * The classification system (and the common misuse of codes)  * Experience modification factors  * Payroll audits  * Rating bureaus  * Loss-sensitive plans Simplify your workers' compensation process with 12 proven new strategies for controlling spiraling premiums. Included are 24 graphs and timetables to help you evaluate costs, and 20 case studies which illustrate ways you can locate and correct overpayment errors.

Compcontrol: The Secrets of Reducing Workers' Compensation Costs (Psi Successful Business Library)

Business & Money

Doyle, Kathleen

Priz, Edward J.

Biography & History

Oasis Pr

Many of the rules which determine premiums are understood only by employees in the audit and underwriting departments of insurance companies. The result is a built-in bias in the system which favors higher premiums.   CompControl was written by an industry insider -- a consultant who has saved clients more than $4 million in overcharges. His book reveals how the system really works and how you can make it work for you. The author provides easy-to-understand explanations of these key items:  * The classification system (and the common misuse of codes)  * Experience modification factors  * Payroll audits  * Rating bureaus  * Loss-sensitive plans   Simplify your workers' compensation process with 12 proven new strategies for controlling spiraling premiums. Included are 24 graphs and timetables to help you evaluate costs, and 20 case studies which illustrate ways you can locate and correct overpayment errors.

Insurance

&gt;CompControl is a hands-on guide to help improve the bottom line of any company. Mr. Priz's step-by-step directions show the potential and actual overcharges on Workers Compensation insurance. Readers will also learn how to secure the best policy and insurance team to fit their needs. This book is divided into ten chapters. Each discusses a different aspect of buying, using, deciphering, and controlling your worker's compensation insurance plan. Throughout the book, Mr. Priz advises familiarity with the state's Workers Compensation policies and regulations. Workers' Compensation offers a complex of more than 600 workplace classifications. Only a handful, at most, are appropriate for a particular workplace. Mistakes in classifications and other key factors are common to illustrate the typical pitfalls; the author presents 24 case studies from his experiences as an advocate for his clients, Each study details and the problems the company encountered with this system. Reasing these carefully may help evaluate a company's situation in the many potential areas of conflict.

CompControl (Psi Successful Business Library)

Finance

Entrepreneur Press

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