Premium Range

Companies paying $100,000 or more annually in workers’ compensation premiums may have greater financial exposure when reporting, classification, audit, or calculation errors occur. Because of the amount of premium involved, even a small error can result in a significant overcharge.

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Companies with annual premiums below $100,000 may also be affected and can benefit from having their workers’ compensation information independently reviewed..

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Experience Modification Factors

An experience modification factor below 1.00, commonly called a credit mod, does not necessarily mean that all underlying information and calculations are correct. In fact, many of CIV’s six-figure recoveries have involved companies that already had credit mods.*

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A debit experience mod above 1.00 may be a warning sign that the underlying claims, payroll, classification, and reporting information should be verified. Because experience modification calculations generally use multiple years of historical data, a single reporting error may affect several consecutive mod periods and the premiums calculated from them.

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Independent Forensic Review

An independent forensic review provides an additional level of verification without replacing your insurance agent or broker. CIV does not sell insurance or place coverage, and our loyalty is solely to our clients.

We work for you, not an insurance carrier or rating bureau.

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CIV serves as an independent watchdog by examining the information used to calculate your experience modification factors and workers’ compensation premiums. Our objective is to uncover hidden discrepancies, pursue eligible corrections, and help ensure that your premiums are calculated using accurate information.

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Flexible Fee Options

Our No Recovery, No Fee shared-savings program is available to clients who meet certain eligibility requirements. For businesses that do not qualify, CIV offers flexible alternatives, including hourly and fixed-fee arrangements.

Alternative arrangements may be available for:

• Self-insured employers

• Group insurance plans

• Agreed-rate policies

• Professional Employer Organization (PEO) arrangements​

 

Contact CIV to determine which review and fee arrangement is appropriate for your organization.

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*Recovery amounts and results vary. The availability of corrections, refunds, or premium credits depends on each client’s circumstances, applicable regulations, policy terms, filing deadlines, and carrier or rating-bureau determinations.

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