Can AI Save Your Business Money on Workers’ Comp Coverage?
Posted: January 31, 2024
From CompWize - Can AI Save Your Business Money on Workers’ Comp Coverage? In The Press SMP Consulting Group, a nationally known workers’ compensation audit consulting firm announces the launch of “Compwize” HOLBROOK, N.Y., July 19, 2023 /PRNewswire-PRWeb/ — “After two years of development, “Compwize” has been launched. This AI program is truly cutting edge algorithm/software technology that identifies statistical and human error found in...
What’s an E-Mod & How Does It Affect Workers’ Comp Premiums?
Posted: January 31, 2024
From CompWize - What’s an E-Mod & How Does It Affect Workers’ Comp Premiums? Referred to as an experience modification factor, an experience modifier, or an experience modification rate, an E-Mod plays a significant role in determining your business’s workers’ compensation premium. How Is Your E-Mod Calculated? State or national rating bureaus like the NCCI calculate your business’s E-Mod by comparing past workers’ comp claims to similar-sized...
Our Workers’ Compensation Auditing Program
Posted: January 31, 2024
From CompWize - Our Workers’ Compensation Auditing Program The word audit often has a negative connotation, commonly associated with stressful proceedings and a potential loss of money for your business. However, the CompWize workers’ compensation audit program is a streamlined, hassle-free process with a straightforward goal, recovering overcharges and getting back the money you deserve. And everything we do is on a contingency basis, so there is absolutely...
Workers’ Compensation Overcharges – How Do They Happen?
Posted: January 31, 2024
From CompWize - Workers’ Compensation Overcharges – How Do They Happen? Workers’ compensation coverage is required for nearly all businesses throughout the US. Depending on the state your company operates in, failing to adhere to workers’ compensation guidelines may result in potentially hefty fines and legal consequences. According to recent studies, approximately 10 million US businesses have a workers’ compensation program. And it is estimated...