Workers Comp Premium Auditors and Underwriters Data Sources
Most Workers Comp Premium Auditors and Underwriter have become very sophisticated in examining external data for employers. After listening to various webinars, attending conferences, and interviewing different insurance personnel, I made a list of data sources that are now used by insurance personnel.
As an employer, you need to make sure this data matches your business type. This will save many headaches in the long run. All the below data sources can be accessed in seconds.
Having accurate data online will always help in making sure your company is paying the correct Workers Compensation and General Liability premiums.
Sources of Data
Google Maps – especially Streetview – almost all businesses in the US have a Streetview pic or two. If you are reporting to the Workers Comp or employer liability carrier that you are a grocery store, then having a restaurant next door that is owned by you can cause many complications, especially at premium audit time.
Facebook – whatever your company uploads to Facebook is there for the whole world to see. Make sure that any pics that refer to your business are accurate. We have found Facebook information to be highly inaccurate in certain instances. Remember that each employer is responsible for their data. You can hire a company to monitor and update your Facebook page.
LinkedIn -t he concerns here are the same as Facebook. If there are any inaccurate postings or pics, have them take down ASAP. What you have out there on LinkedIn can be accessed in seconds. Do not leave your company in a position of having to explain to underwriters or workers comp premium auditors why your Linkedin page profile does not match your insurance coverages.
Manta.com – Manta does not usually have that much information. However, your SIC codes are usually listed. If they do not match your company, you can take over the listing and correct it for a nominal fee.
D&B, Experian, or Hoovers – these three cover credit ratings. However, for $39 anyone can pull your company operations history. Your company’s credit score is available at all three websites. D&B (Dun & Bradstreet seems to have more in-depth information.
Google Searches – Have you searched your company on Google? This is the best quick-and-dirty way to find out if your external company information represents what you do as a business.
Spokeo – This is more employee-driven but then again your company information is usually included with their information. This is one of the more controversial information websites. Your company can fix the inaccurate information quickly.
Please not that all companies previously mentioned reserve their screen marks and copyrights.
Many more information websites exist that contain information concerning your company. These suggestions came directly from insurance underwriters and workers comp premium auditors.
©J&L Risk Management Inc Copyright Notice
