Worker’s Compensation can be a big cost for a company, and the more employees there are, the bigger the costs can be. In fact, some cases have resulted in literally hundreds of thousands of dollars extra being charged by insurance companies due to mistaken information. Even for the largest companies, that’s quite a bit more than pocket change. Now, Apex Services offers a new way to get the most advantage out of a workers compensation audit, and it all starts with an understanding of how the process works.
Once the process begins, Apex Services will begin helping your company by looking at current and former audits by the insurance company to look for errors and help get refunds when they are appropriate. Throughout each step of the auditing process, Apex Services will focus on maximizing efficiency and making all aspects of the audit as transparent as possible.
This begins long before the auditor arrives by focusing on the preparation and documentation for the auditing process. How exactly this works will vary by company, depending on the jobs performed, but one of the most significant is reviewing previous audits to get a better sense of potential issues that may arise. Apex Services can help identify points of trouble and note what changes could be made to solve these issues. Other aspects of the audit, such as information on independent contractors, should also be collected and distributed in an easy-to-use format.
The actual audit visit can be one of the most stressful times of the whole affair for the actual insurance company. Many audits take place at the very end of the year, which means that the auditors themselves often have many businesses to visit on top of any travelling and paperwork they need to do at each site, so they often dislike being kept waiting. Worse, added stress can cause them to make some mistakes that they would normally spot, and these mistakes can cost your business thousands of dollars (or more) each time they’re made. While Apex Services will not typically be present during the main audit from the insurance company, firm preparation and an understanding of what to do during the process (which Apex can provide) will help to make it as smooth and easy as possible.
The last part of the auditing process is the review once the paperwork is being done, and it is at this stage that Apex Services can perform best. Different codes, classifications, and changes within the insurance company may have an effect on the final billing, while any errors are likely to be on display here if looked for. Apex Services offers a workers comp audit focused on the part that matters to you – getting a refund if your business has been overcharged by examining these documentations and helping you to improve the flow of your overall auditing process.
Apex Services is registered with the Better Business Bureau and maintains a consistent A+ rating. For more information on this rating and the reasons for it, follow the link on the Apex Services website.
