Are You Overpaying for Workers’ Comp? How UTA Members Can Recover Thousands | Beyond Insurance Agency
By Brian Lawlor
If your company pays $50,000 or more in annual workers’ compensation premiums, there’s a good chance you’ve been overcharged — and the money can be recovered. Beyond Insurance Agency is now offering UTA members access to a proven premium recovery service, at no upfront cost.
Workers’ compensation insurance is one of the most complex — and frequently miscalculated — expenses a business carries. The formulas governing your premium involve payroll classification, experience modification factors (MOD), and claims valuations, all processed by multiple parties across a system you have very little visibility into. Errors are common. Overcharges are even more common.
That’s why Beyond Insurance Agency has partnered with Cost Recovery Consultants (CRC), a firm with over 20 years of experience auditing workers’ compensation policies for businesses of all sizes. Their findings are striking: after examining thousands of policies, CRC has identified overcharges in roughly 80% of them.
80%
of workers’ comp policies contain overcharges. After 20+ years and thousands of policy reviews, CRC has recovered millions of dollars in prior-year premium overcharges for businesses across nearly every industry.
This Isn’t About Fault — It’s About a Broken System
Before you wonder whether this reflects poorly on your broker or your carrier, understand this: it doesn’t. Your broker’s job is placing insurance, and they do that well. The overcharges that CRC recovers are the result of a complex, multi-party data collection and transmission process — one that’s largely outside your control.
To illustrate the point: one of CRC’s clients was a sophisticated international satellite manufacturer with a full safety department, a risk management team, a human resources department, division controllers, and a corporate controller. Their broker was among the largest in the world. And yet, they were still being overcharged.
“These errors are a reflection of a complex, multi-party system of data collection and transmission that is beyond your company’s control.” — Cost Recovery Consultants
Accountability gets lost between the parties processing your data. The result is costs you can’t see and can’t manage — until now.
Who This Service Is Built For
This service is particularly well-suited for UTA members. Trucking, dealerships, and driveaway companies tend to have complex payroll structures, multi-state exposures, and fluctuating claims histories — exactly the conditions where premium miscalculations thrive.
You May Be a Strong Candidate If:
Both criteria below are general indicators — contact us to discuss your specific situation.
Annual WC Premium
$50K+
Experience Modification (MOD)
1.25+
CRC works with organizations across a wide range of industries and sizes — from family-owned businesses to Fortune 500 manufacturers. They handle guaranteed cost policies, self-insured programs, and even monopolistic state exposures.
What the Recovery Process Looks Like
CRC takes a thorough but unobtrusive approach. Here’s what to expect:
- MOD calculation review — CRC examines the data that feeds your experience modification factor, which has a direct multiplier effect on your premium.
- Payroll audit — They verify that your employees are classified correctly. Misclassified workers are one of the most common (and correctable) sources of overcharges.
- Claims valuation analysis — Overstated or incorrectly reserved claims can inflate your MOD for years. CRC identifies and challenges those.
- Bureau and carrier negotiations — When errors are found, CRC doesn’t just flag them — they advocate for corrections at every level, including state bureaus and senior underwriters.
- Minimal disruption to your team — Most of CRC’s work is done in their own offices. On-site visits, if needed, only require access to prior-year payroll records.
It’s not unusual for CRC to recover money in more than one area. And the results aren’t just retroactive — corrections to your MOD and classifications reduce future premiums permanently.
Real Results: A Sample of What CRC Has Recovered
CRC’s case history is extensive. A few examples of what their work has achieved:
- Several non-profit organizations had been rated incorrectly for years. After seven carriers denied correction requests, CRC escalated to a bureau survey — and all seven were instructed to comply. Those organizations will now pay hundreds of thousands of dollars less in annual premiums, permanently.
- A company facing a six-figure premium collection action had CRC intervene. After requesting expedited MOD revisions from the bureau, the balance was reduced to just $157, preserving the company’s voluntary market status.
- A company in litigation over a six-figure unpaid premium brought CRC in as expert witnesses. CRC’s analysis led to a counter-claim under the Consumer Fraud Act — and the carrier ended up paying the client more than the original lawsuit amount.
- A contractor involved in multiple Owner Controlled Insurance Programs had a materially overstated MOD due to reporting errors, causing them to lose bids. CRC corrected the data, recovered the overcharges, and restored their competitive bidding position.
- A company that had lost its license to operate due to a premium dispute was relicensed and the balance owed was significantly mitigated.
No Recovery, No Fee
CRC works entirely on a contingency fee basis. If they don’t find overcharges, there’s no cost to you — you simply receive a clean bill of health at no charge. If they do recover money, their fee comes out of what’s recovered. You never write a check out of pocket.
Beyond Insurance Agency is offering UTA members access to this service as part of our broader commitment to helping your business find savings you didn’t know existed. Workers’ comp premiums are significant — they deserve the same scrutiny as any other major operating cost.
Find Out If You’ve Been Overcharged
It takes one conversation to find out if this service is right for your organization. There’s no obligation and no upfront cost.Request a Free Consultation
Or reach Brian directly: 401-479-0215 | brian@beyondinsagency.com