Workers’ Comp Review for Texas Manufacturers
What a stale comp file costs you
Your experience modification rate sets your premium, and it’s calculated from data that almost never gets independently verified. Four things we find on most manufacturing accounts.
An injury resolves, the employee returns to work, and the carrier’s reserve stays open at the original estimate. That number keeps feeding your mod calculation for three years after the claim stopped costing anyone anything.
Codes get set when the policy opens and then carried forward. Add a production line, automate a process, or shift work between departments, and the payroll is still being rated where it was three years ago.
You run the training, the return-to-work program, and the hazard reviews. Whether you get rate credit for any of it depends on someone documenting it and asking. That step gets skipped more often than not.
Most renewals accept last year’s mod as given. Nobody recalculates it, so a single miscoded claim from two years ago quietly inflates your rate through three full policy periods before it ages off.
Send us your loss runs and current declarations page. If we find something worth fixing, we’ll show you exactly what it is. If we don’t, we’ll tell you that too.
Built for Texas Manufacturing Operations:
What We Check, at No Cost
We recalculate your mod from your own loss and payroll data rather than accepting the number that carried forward. A single error compounds across three policy periods.
We go through every open claim and identify reserves that should have been closed or reduced. Closing stale claims with the carrier can move your mod at the next audit.
Payroll checked against the codes it’s actually being reported under, so the rating matches how the plant runs today instead of how it ran when the policy was written.
We document what you’re already doing and pursue the rate credits available for it. Most manufacturers qualify for more than they’re receiving.
Last year’s audit checked for misapplied payroll, overtime handled incorrectly, and subcontractor charges that should never have landed on your policy.
What we find gets turned into a plan you can take into your renewal, whether or not Liberty ends up writing the account.
About Liberty
Liberty has consistently been recognized as one of the most dynamic, fastest growing companies as well as one of the best places to work in the insurance industry, including being recognized as the #1 Fastest Growing Privately Held Insurance Broker in the U.S. over the past four years by the Hales Report.
Liberty is not your typical insurance broker: We are a culture-first organization, and believe “If you put people first, good business will follow.” Our goal is to clear the path of political and administrative distractions so our valued team of creators can focus on their Highest And Best Use (HABU), which is what they love to do, what they do best, and therefore, is best for all of us.
