ZORN & SON INSURANCE AGENCY, INC (est. 1954) offers an innovative and coordinated approach to helping employers control the cost of their Workers’ Compensation insurance program.
Almost all employers are required by law to carry Workers’ Compensation coverage, and most would agree that it’s one of the costliest items on their annual budget. Ironically, it’s one of the most misunderstood and disregarded sectors of a company’s business strategy.
DON’T MAKE THE MISTAKE….
Three common misconceptions employers have about Workers Comp are:
- Coverage is purchased to pay for employee injuries
- The only way an employer can control the cost of insurance is to “bid” their coverage each year looking for the lowest premium.
- Creating a safe work environment is the only way to prevent claims.
These concepts could not be more misguiding, and unfortunately, they result in the employer paying much more in premiums each year than necessary – sometimes tens of thousands of dollars more!
DID YOU KNOW…..
- You can go back 3 years to recover overpaid premium due to an incorrect modification calculation.
- There are over 600 classifications that can be used on a Workers’ Comp policy.
- Many auditors mistakenly overcharge employers because they aren’t well educated in workers comp or the audit process.
Zorn & Son has worked with the Institute of Work Comp Professionals to be able to dissect a Workers’ Comp program and identify not only the factors that are driving an employer’s cost (claims are not always the driving force), but also to provide simple, low or no cost solutions that could save an employer thousands of dollars in unnecessary premiums (or even recover overpaid premiums due to the mistakes of past carriers!)
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