Injured workers and sleazy insurance operators always take the spotlight in news stories. They're more fascinating than the stories of employers who struggle to pay the bills and get overcharged on their premiums
Brooklyn, NY (PRWEB) April 5, 2009
CEO of consulting firm Compensation Refund Co. says NY Times series on Workers Compensation overlooks victimized employers--who bear the brunt of Workers' Compensation fraud and abuse. The firm recovers overpayments for employers who are routinely overcharged.
Mark Friedman, CEO of Compensation Refund Co. says "The Times paints a grim picture of fraud and abuse, but they overlook the other victim: The employers always lose. Whenever there's a claim--legitimate or fraudulent--the employer gets stuck with inflated reserves the insurance companies set aside to cover costs. And claims are only a small part of the problem. As much as 40% to 60% of employers regularly get overcharged on their premiums because of claims experience modifications, miscalculations and more."
Friedman adds that in today's reformist society, there's an anti-business undercurrent. So there's little sympathy for corporations. But, says Friedman "It's not just businesses who get hit. Many organizations, schools and hospitals struggling for funds are continually losing thousands of dollars to excessive overpayments. But that doesn't make the front page."
Compensation Refund Co. analyzes Workers Comp insurance premiums and audits the auditors. The errors and omissions they find lead to refunds for overcharges. "Injured workers and sleazy insurance operators always take the spotlight in news stories. They're more fascinating than the stories of employers who struggle to pay the bills and get overcharged on their premiums," says Friedman.
But Compensation Refund Co. is well-named. For it often delivers refunds of tens of thousands of dollars to the relief of employers who paid too much for Workers Compensation Insurance. Sometimes hundreds of thousands of dollars. And there is no charge for discovering if a refund is due.
For additional information on refunds for Workers Comp premium overcharges, visit http://www.ez1refund.com or call 1-877-EZ1-REFUND (1-877-391-7338).
About Compensation Refund Co.:
Compensation Refund Co. is a division of Compensation Consulting Services, Inc.--a team of experts in Workers Compensation Insurance.The company doesn't sell insurance. They are consultants who analyze policies and recover past premium overcharges.
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