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Workers Comp Claims Audit System


Workers Comp Claims Audit System

Workers Compensation Program:
A Partnership that works well for your business

Brennan & Stuart, Inc., as a leader and innovator in the Worker's Compensation and Commercial Insurance field, has partnered with National Insurance Advisory Services, Inc. (NIAS), a 25 year old independent workers compensation claims auditing firm, whose sole function is to:

  • Audit open workers compensation claim files
  • Change reserves
  • Lower premiums 20 - 30%

Through NIAS, Brennan & Stuart, Inc. performs a scan of your open workers compensation claims to identify the potential for lowering your workers compensation premium. We provide the following services:

  • Experience Modification Factor Verifications and Corrections
    The National Council on Compensation Insurance (NCCI) often incorrectly calculates experience Modification Factors. We will verify the validity of your present "mod" and will handle the corrections if necessary and justifiable. This is provided on a national, multi-state basis.
  • Mathematical Modeling
    We are able to provide mathematical models, based upon your actual premium and loss history, that will show the best possible deductible/premium combination for your business.
  • Claim Audits
    We audit each large claim to minimize reserves and to keep them at a reasonable and current level. Over the years, reserve reductions averaging 20% - 30% have been the norm.

For more information - contact Jenny Stuart, CIC, Marketing Manager