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FAQs
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Will my broker be okay with an outside firm reviewing my policies?Absolutely! Many brokers recognize the value of our independent compliance audits. In fact, a large portion of our clients come from broker referrals. We do NOT compete with your broker, as we do NOT sell insurance. Our focus is solely on identifying potential refunds and discrepancies to benefit your business.
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How much time will I need to invest in a review?At Elite WCR, we’ve streamlined our review process to minimize your time commitment. After gathering your policy information, we’ll assist you in contacting your agent or carrier to obtain any missing details. The review is conducted in our offices and requires very little of your participation, allowing you to focus on what matters most.
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What if we’re already content with our current workers’ comp premium?Even with a solid insurance plan and effective risk management, errors and overcharges can still occur. These discrepancies often go unaddressed without a compliance audit. As independent auditors, our expertise lies in identifying and correcting compliance issues, ensuring you don’t miss out on potential savings.
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Wouldn’t my insurance company have caught the errors and overcharges?Insurance companies are not obligated to make corrections without a formal request. They often prioritize profit over addressing past errors, which is why our independent audits are essential. We focus on uncovering and rectifying these discrepancies to ensure you receive the coverage you deserve.
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What if you find that we have underpaid?Since we work on a contingency fee basis, if we find that you have been undercharged, we will notify you of our findings. We won’t report this to the carrier unless it’s beneficial to you. However, if we identify overcharges in subsequent years, we will actively pursue refunds on your behalf.
If you have any additional questions or concerns, please feel free to reach out. We’d be happy to set up a call or Zoom meeting to discuss further.
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