top of page

The Benefit of Boutique: Manufacturing CASE STUDY

Writer's picture: Tartan Insurance PartnersTartan Insurance Partners

Updated: Jan 13

New Client: Michigan-based Manufacturer

Line of Coverage: Workers' Compensation


Issue

Payroll Audit from previous policy year resulted in significant additional premium owed by the client (33% of total annual premium).


Action

Tartan poured through the audit worksheets, consulted with the client, and determined that the insurance company was mistakenly shifting payroll from a low-cost class code to the high-cost "governing" class code. Tartan provided evidence to insurance company, who adjusted the audit.



Results

The adjusted audit reduced the amount owed by over 25%.


Commentary

Insurance companies make mistakes, but they will correct them if asked. It takes time and effort, but all audits should be reviewed to determine proper allocations.

165 views0 comments

Recent Posts

See All

Comments


bottom of page