Premium Audit Webinar – Chittenden Group Insurance Agency
The Chittenden Group insurance agency invited me to do a webinar today on workers comp premium audits and Experience Modification Factors. I presented for 30 minutes and took 30 minutes of questions. Whenever a recording becomes available, I will post that here or in another article.
The slides will be better when I receive a copy of the recording. I did not record it while presenting due to my past bad luck with PowerPoint. I wanted to make sure the presentation would go off without a hitch. Many of the slides were taken from this website’s 2,300 articles.
Premium Audit Presentation Slides Below
Workers Comp Premium Savings Slides
Some of the Highlights were that lead to savings were:
Work with Your Premium Auditor
Do not Stand Out in the Crowd – see egg picture
Timely Communications
Two areas where Premium Auditors now look due to remote audits
- Job Descriptions
- Employer Websites
Classification Codes – The Ones That Generate the Most Questions – 5606 and others
Primary Loss vs. Excess Loss – Primary Costs You Dearly – Lamborghini vs. Nissan
Safety Is How to Keep Experience Mod Down
The two things during the premium audit webinar that were requested were a link to The Scopes Manual and for a premium audit prep checklist upon receiving an audit notice. As we have seen since the pandemic, physical audit used to be onsite – now they center around a portal to upload documents.
One great audience question that I was not expecting – Do Premium Auditors check a company’s social media websites? Yes they do if you post links to your social media on your company website them on your website. I will write about that subject in the next article.
Thanks to Chittenden Group for inviting me to present a workers comp premium audit webinar on one of the hot topics for employers.
