CompWize
CompWize is a national Workers’ Compensation premium analysis and recovery firm whose personnel has a record of recovering hundreds of millions of dollars in insurance overpayments. We are experts in the field of Workers’ Compensation.
About Us
A division of SMP Consulting Group, we specialize in recovering past premium overcharges and providing solutions for the reduction of current and future workers’ compensation costs, all on a contingency basis.
The CompWize platform and methodology were developed by the professionals behind SMP Consulting Group, a firm that has specialized in Workers’ Compensation premium audits and recovery since 1985. Over the past four decades, our team has helped employers across the United States recover more than $300 million in Workers’ Compensation premium overpayments, correcting errors that often go undetected year after year.
While the CompWize brand reflects a modern, technology-driven approach, our foundation is deeply rooted in hands-on Workers’ Compensation auditing, regulatory expertise, and carrier-level experience.
Our proprietary software independently reviews a client’s current and previous workers’ compensation policies. Additionally, CompWize comprehensively reviews over 2000 items relating to the calculation of the client’s workers’ compensation premium charges. Our process is disciplined, transparent, and designed to stand up to scrutiny from insurance carriers and regulatory bureaus alike. When errors are identified, we pursue corrections professionally and persistently, working to recover overcharges that may span multiple policy years. These items include:
- Proposals
- Billing statements
- Experience modification reviews
- Claims summaries
- Carrier audit results and rating factors
- Classifications
- Applicable state rules and regulatory guidelines
- and more
No Recovery, No Fee!
Because CompWize works strictly on a contingency basis, you never have to pay upfront fees! Our fee structure ensures you only cover a percentage of any successfully identified and recovered workers’ compensation overcharges.
More Than 80% of Businesses Overpay for Workers’ Compensation
A Technology-Driven Approach, Backed by Human Expertise
CompWize was developed in-house to bring consistency, precision, and scalability to the Workers’ Compensation review process. Our proprietary analysis platform evaluates payroll classifications, job functions, experience modification calculations, and carrier audit data to identify potential inaccuracies and overcharges that traditional reviews frequently miss.
Workers’ Compensation insurance is one of the most complex areas of commercial insurance. Premiums are driven by hundreds of business classifications, thousands of employee job codes, experience modification factors, payroll reporting rules, and carrier calculations. Even a single misclassification or rating error can materially inflate an employer’s premium, and these errors are far more common than most businesses realize.
By combining advanced analytics with experienced premium auditors and specialized Workers’ Compensation attorneys, CompWize focuses effort where meaningful recovery opportunities exist, while ensuring all findings are compliant and defensible.
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