How to Save Money on Worker’s Comp
At PHB we are fortunate to work with all kinds of clients and businesses and we love to pass along tips and information about services (not even our own) that can help our customers. We recently learned how business owners can save money with a worker’s comp. insurance audit. Keep in mind, there are a few requirements:
- Must be in business for 3 years minimum
- $50,000 average annual workers comp premium
- Cannot be self-insured
- Does not have to be profitable
- Audit can go back 5 to 7 years. It is a one-time event and the insurance company sends them a check.