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Workers Comp Premium Auditors – External Employer Info Examined Often

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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.   

data workers comp premium auditors tree
Public Use License – Derrick Coetzee

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.  

social media workers comp premium auditors icons
Wikimedia by Ibrahim. ID

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.comManta 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

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James Moore

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Mgmt Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications

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