ComplianceOnline

The Workers’ Compensation Premium Audit: More than 75% are Incorrect - How You Can Avoid Being Overcharged

Instructor: Kevin Ring
Product ID: 704448
  • Duration: 60 Min

recorded version

$249.00
1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section

Training CD

$399.00
One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days

Customer Care

Fax: +1-650-963-2556

Email: customercare@complianceonline.com

Read Frequently Asked Questions

The webinar will cover what employers need to know about the workers’ compensation premium audit. Experience shows that more than 75 percent of premium audits are incorrect, most often to the detriment of the employer.At the end of the webinar, attendees will be armed with the knowledge they need to ensure that they pay only exactly what they owe for their workers’ compensation and not a penny more.

"The Workers’ Compensation Premium Audit: More than 75% are Incorrect - How You Can Avoid Being Overcharged" - This course is approved by NASBA (National Association of State Boards of Accountancy). Attendees of Live Webinar are eligible for 1 CPE credit up on full completion of the course.

Why Should You Attend:

The premium audit determines the final premium of your workers’ comp policy. More than 75% are incorrect and most often the employer winds up being overcharged. These overcharges are largely due to the fact that employers are not properly educated about how to keep their records to be sure the auditor has the information they need.

This session will cover the rules of the premium audit and how to make sure your business is not overcharged.

Areas Covered in the Webinar:

  • How to determine if your business is properly classified
  • What money do you give your employees that does NOT count for workers’ compensation, even if you DO have to pay taxes on it
  • How to deal with uninsured subcontractors to be sure you’re not overcharged
  • What the auditor can and can not do when they want to change your classification on the audit
  • How to determine who goes into what class codes that are on your policy
  • How to prepare for the audit so that the premium auditor is out of your hair as quickly as possible

Who Will Benefit:

  • President
  • Vice President
  • Manager
  • Supervisor
  • HR Professionals
  • Payroll Professionals
  • Accountant

Instructor Profile:

A licensed P&C agent, Kevin Ring has an affinity for making the technical simple, be it insurance or computers. He is especially adept at unraveling ex-mods and audits and classification clarifications.

His plain speak approach is the key whether he is presenting at a Certified WorkComp Advisor Institute, giving workshops for employers, or presenting teleclasses for insurance agents. His technical workers’ comp skills have helped Certified WorkComp Advisors through sticky situations (including analyzing a 68 page mod sheet) and he’s constantly working with advisors to deepen their knowledge of the institute process.

Mr. Ring has analyzed more than 500 experience mod worksheets, finding and fixing errors for CWCAs and their clients. Because of his experience working with advisors and analyzing mods, he designed and directed the development of ModIMPACT, IWCP’s mod analysis tool which helps you better understand the mod, how it impacts premium costs and how to control it. It is a quick, simple and powerful way to analyze a mod and communicate the results.

We are registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. Our registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200, www.learningmarket.org, e-mail cpe@nasba.org.


Field of Study Minutes CPE
Accounting 50 1
Total Duration - 50 Min Total Credits - 1

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