75% OF U.S. BUSINESSES ARE
UNAWARE THAT THEY’RE
OVERPAYING FOR WORKERS’
COMPENSATION INSURANCE
A company born from a need—and a passion to fulfill it
With years of experience in financial services and business development, two entrepreneurs, Robert Giamboi and Bobby Giurintano, saw a need in the market and a better way to approach it. The two were determined to start a business that would help clients succeed in ways they didn’t know existed, recouping the money companies are overpaying on workers’ compensation by leveraging their more than 7 years of experience as consultants in expense reduction.
The need grew out of this alarming fact: 75% of U.S. businesses are unaware that they’re overpaying for workers’ compensation insurance due to unforeseen errors—and that they can recover that overpayment.
So the two of them joined forces to create a company, Recovery Guardian, with workers’ compensation auditing as its primary focus—with a unique approach that gets results.
Think of it as found money. You just need someone who knows where to look.
Recovery Guardian clients can expect, on average, a 15% recovery of their annual insurance premium. Sometimes the amount they can recoup is as much as 40% of their annual premium. And best of all—if we don’t find any errors, there’s no cost involved. So you can’t go wrong.
OVERCHARGES CAN BE
RECOVERED FROM YOUR
CURRENT AND PAST PREMIUMS
FOR UP TO 7 YEARS
Why you need Recovery Guardian
Studies show that many companies are unaware they’ve spent more than necessary on past premiums—and are likely paying too much on their current premiums. This confusion is due to the constant changes in the workers compensation industry, including rating bureau (NCCI & state specific) rules and regulation changes, policy changes, not to mention the application of incorrect rates, discounts, classifications, experience modification calculations, erroneous payroll and audits.
Errors occur regardless of the agent, broker, agency, and/or insurance carriers involved in calculating the premium. The system for computing workers’ compensation insurance premiums is complicated, involving insurance companies, rating bureaus, insurance agents, and the injured. And there’s no one agency or governing body that oversees the entire process from start to finish.
Despite the best intentions of insurance agents and insurance companies in classifying and applying the rules and regulations, it’s not uncommon for errors to occur, resulting in large sums of money overpaid.
Rarely do insurance professionals have the time, personnel, or expertise to guarantee error detection and analysis of the wide variety of components in the calculation of your premium. In addition, since the insurance industry is regulated on a state-by-state basis, there can be significant exceptions that aren’t always understood, even by insurance professionals. What’s more, rules regarding classification codes, experience modification calculations, endorsements, discounts and other credits are often overlooked or ignored, resulting in undetected overcharges.
Tops at improving the bottom line
Recovery Guardian is here to help businesses like yours recoup the money you’ve been overpaying. Overcharges can be recovered from your current and past premiums for up to 7 years…even if you’ve changed carriers or your company has gone out of business.