The Most Powerful Question To Ask To Save Premium $

The strongest question to ask to take control of your Workers Compensation program is "Why?". One of our old mottoes is "Stop Just Writing Checks" and ask questions. We have seen so many employers and governmental entities just write checks as if their Workers Comp was just a "cost of doing business." Nothing could be further from the truth. This also applies to self-insured employers paying a TPA for claims processing costs.

I have performed studies on thousands of files and have found that if an employer starts asking why their Workers Comp is costing so much, their premiums will decrease over time. I do realize that it is a tough task to pay quite a bit of attention to Workers Comp premiums when health insurance, fuel, and other costs are increasing at an alarming rate.

We never recommend turning over your insurance budget totally to an agent and just funding the WC insurance program. I have never met an agent that did not want their clients to ask questions about the insurance policy renewal or audit processes.

Any time that you receive a policy renewal statement, audit statement, or any policy endorsement, ask why, especially if you are asked to pay more premiums than expected. Keep asking why until you feel you have received an answer to your question.

It may sound too simple, but give it a try and you will be astonished at the results.