February 6, 2014

As a workers compensation broker, you are probably coming off a crazy month of January. We hope January was full of renewals and BORs for you and your agency.

As a broker, you are always experiencing the same sort of challenges, which are mainly to keep your current clients happy and impress your prospects with what you can potentially offer them. In the past few years, however, keeping clients happy in the face of increasing premium costs has become somewhat of a juggling act for many brokers. Many brokers are struggling to provide the answers to their clients as to why their premiums are going up year after year.

Workers compensation premium recovery is a value-added service for brokers to offer to their clients and prospects. This service ensures that your clients’ premiums are as low as they can be and any errors and overcharges that have occurred in the past are retroactively corrected to produce refunds.  The fee is contingency-based so if there is no recovery, there is no fee.

A broker who offers this service can illustrate to clients and prospects that he is willing to go above and beyond for them. This service takes minimal time and effort on your and your client’s behalf, but the financial rewards are often substantial. Workers compensation premium recovery is a no-brainer that can offer a new revenue stream for you and increase your book of business.