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The ROI of Recovery – Why Workers’ Comp Audits Pay Off

A professional workers’ compensation analysis can not only save your company money now and into the future, but it can also help recover funds from past premium overcharges.

No Recovery, No Fee!

At CompWize, we perform workers’ comp audits at no charge. Your company only incurs an affordable fee if we discover workers’ comp insurance overpayments.

AI-Powered Workers’ Comp Analysis by CompWize

CompWize comprehensively analyzes thousands of data points correlating to the calculation of your workers’ compensation premium charges, including but not limited to:

  • Proposals
  • Billing statements
  • Experience modification reviews
  • Claims summaries
  • Auditor’s worksheets
  • Classifications
  • Payroll records
  • Job descriptions
  • Employee rosters
  • Insurance certificates
  • Employee contracts
  • Loss runs
  • Safety programs and documentation
  • Accident investigation reports
  • Return-to-work programs
  • Legal compliance records
  • Medical provider networks
  • OSHA compliance documentation
  • State-specific regulations
  • Employee training records
  • Workplace safety inspections
  • Subcontractor agreements
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Long-Term Benefits of a CompWize Workers’ Comp Analysis

Prevent Future Claims

By addressing the core causes of workplace injuries, you can prevent future workers’ comp claims and save money. For example, if you discover many of your claims are related to repetitive motion injuries, you can implement ergonomic changes to reduce the risk of these injuries.

Reduce Claim Costs

Even if you can’t prevent every injury, a workers’ compensation analysis can help you reduce the cost of claims. This could include negotiating lower settlements, avoiding unnecessary medical treatments, or returning injured employees to work sooner.

Improve Workplace Safety

A good safety record can attract and retain good employees, reduce insurance premiums, and boost your company’s reputation. A workers’ compensation analysis can help you improve your safety record by identifying and addressing safety hazards.

Meet Regulatory Requirements

Many states have specific regulations regarding workers’ compensation. A professional workers’ comp analysis can help you meet these requirements and avoid potentially costly fines.

Keep Up-to-Date

The field of workers’ compensation is constantly evolving. A workers’ compensation analysis can help you keep up with the latest trends and best practices, protecting your company from potential financial losses.

Boost Employee Morale

A workers’ compensation analysis can help create a safer workplace and improve employee morale.

Increase Productivity

When employees are safe and healthy, they are more productive. A workers’ compensation analysis can help you increase productivity by reducing injuries and absenteeism.

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An Audit With Benefits

The word audit generally has a negative connotation and is often associated with regulator oversight and potential money loss. However, our workers’ comp refund audits can only benefit your business. Take the first step toward the possible recovery of five to six-figure refunds by filling out our contact form today.

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