Search Form To Aide Premium Auditors: Subcontractors

Friday, May 22 2009 - , , , - 0 comments

The Pennsylvania Department of Labor and Industry has created a search form within their website that can aide premium auditors when auditing a risk with subcontractors. The search is a policy coverage search . The user (or in this case the premium auditor) enters the name of the company in question, and the results will show the workers compensation policies for that particular company including the policy number, insurance carrier, effective dates and cancelations. Their website states that the information is pulled from databases maintained by the PCRB....

Generating Additional Premium

Tuesday, September 30 2008 - , , , , - 3 comments

During this soft market many insurance carriers are searching for ways to increase underwriting profit while reducing expenses. This is most challenging to smaller mutual companies. Here at RLD we have been conducting telephone audits for many carriers since 1989 and the results have been impressive. A majority of the risks we audit are workers’ compensation and general liability based exposures. We obtain accurate and up to date gross sales and payroll information which in turn leads to additional premium generated on expired policies. In addition, current policies can be amended to reflect...