Monday, December 11 2017

Archive by tag: workers' compensation insurance fraudReturn
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Occasionally companies try to save money by avoiding payroll taxes, workers' compensation and unemployment insurance costs, or employee benefits. Sometimes a business will try to do this through the act of deliberate Employee Misclassification. Businesses may falsely classify their employees as independent contractors, or they may intentionally misreport the actual job description. An example would be reporting warehouse workers as office clerical workers.
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Posted in: Anti-Fraud, EMPLOYERS Press Releases, Workers' Compensation FAQs | Tags: workers' comp , Anti-Fraud , workers' compensation insurance fraud | Comments (0) | View Count: (2296)
Underreporting payroll is the practice of intentionally not disclosing the full amount of payroll a business disburses to employees each pay period. Workers’ compensation insurance premiums, as well as taxes for unemployment insurance, Social Security, and Medicare are based on payroll data. Organizations are required by law to accurately and fully report payroll.
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Posted in: Anti-Fraud, EMPLOYERS Press Releases, Workers' Compensation FAQs | Tags: Anti-Fraud , Fraudulent Claims , workers' compensation insurance fraud | Comments (0) | View Count: (3366)
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What is Experience Mod Evasion?

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What is Experience Mod Evasion?
Experience mod evasion, also called experience modification evasion or experience modifier evasion, is a workers' compensation insurance term for type of premium fraud that can be committed by a business to pay a lower premium.
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Posted in: Anti-Fraud, EMPLOYERS Press Releases | Tags: Anti-Fraud , workers' compensation insurance fraud | Comments (0) | View Count: (3081)
Presentation: Workers’ Compensation Insurance Fraud 101
While most claims are legitimate, studies indicate that 1 to 2% or more of all workers’ compensation insurance claims are fraudulent. Learn more by viewing this presentation.
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Posted in: Anti-Fraud, EMPLOYERS Press Releases | Tags: workers' compensation insurance fraud , Anti-Fraud , Fraudulent Claims | Comments (0) | View Count: (16660)
Workers’ compensation insurance fraud is illegal! Every year, billions of dollars are stolen in the U.S. due to fraudulent claims and misreported business information. While most claims are legitimate, studies indicate that 10% or more of all property/casualty insurance claims are fraudulent¹. Fraud can be separated into two categories: 1) Claim related fraud-committed by unscrupulous workers, medical providers, vendors, attorneys, employers and even insurance company personnel, and; 2...
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Posted in: Anti-Fraud, EMPLOYERS Press Releases | Tags: workers' compensation insurance fraud , Anti-Fraud | Comments (0) | View Count: (3025)
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