Page 8 - SIB Whitepaper - Workers' Comp Audit

“Don’t be afraid to look outside of your organization for help.”
classi cation codes, while companies of all types can bene t from understanding and fruitfully disputing EMRs. You can be a success story, too. Question the insurance company and audit the auditor each year to make sure your premiums are fair and accurate.
DON’T BE AFRAID TO LOOK OUTSIDE OF YOUR ORGANIZATION FOR HELP
For projects as complex and fraught as workers’ compensation audits, proper third-party help can be not merely bene cial but an essential component in your organization’s strategy. Instead of diverting your personnel from their critical work and allocating costly resources for their training in a new and unwieldy topic, outside groups can properly assess your audit in the manner outlined above with little e ect on your typical operations. They provide insight and expertise that likely will not be readily available among your existing workforce. Nor should they be: it is far more e cient to get proper external help to tackle this complicated process.
A hallmark of good external consulting is that it should cost you nothing upfront and nothing if it does not succeed in the purpose for which you are acquiring it. High-quality third-party experts in the domain of workers’ comp insurance will know exactly where your operations stand in the shifting legal and institutional frameworks of your insurer, your policy, and your premium. They will have access to large bodies of data that situate your organization and your insurance costs among those of thousands of others – not necessarily in your industry – to determine exactly what your coverage should and should not include. And unless you see signi cant savings, they will not exact charges for their services.
This whitepaper is sponsored by SIB Fixed Cost Reduction. SIB specializes in reducing monthly expenses. Unlike other companies, SIB only bills based on the savings it nds, and clients are not billed until savings are realized. SIB has analyzed over $2 Billion in spend across more than 45,000 locations nationwide. This expertise allows SIB to effectively rectify billing errors and negotiate lower pricing for its clients – without changing their vendors or service levels – across a variety of spend categories, including telecom, utilities, waste removal, workers’ compensation, employee bene ts, bank fees, maintenance contracts, and more.
SIB FIXED COST REDUCTION 796 Meeting Street, Charleston, SC 29403
843-576-3606 www.aboutsib.com
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WORKERS’ COMPENSATION INSURANCE • © 2017 SIB FIXED COST REDUCTION