Validation of WC Premium Calculations
Fortunately, there is an authority, the various workers’ compensation bureaus, who determine how premiums are to be calculated. CRC sees itself as an extension of these authoritative bodies a perspective that fosters integrity in all that we do.
Several non-profit organizations had been rated incorrectly for years. We requested a bureau survey to confirm our understanding of the rules. These non-profit organizations are now paying hundreds of thousands of dollars less in annual premiums.
On occasion, CRC has requested that bureaus assist carriers in reporting corrected data to the bureaus.
Following a bureau survey, the survey was implemented incorrectly resulting in premium overcharges. We had the premium calculations revised once we confirmed our understanding of the survey with the bureau.